Staff Bonus Plans Recipe
Paying staff a bonus or other incentive is a well tested method of improving their commitment to the business' management goals. This recipe examines ways of doing this that have worked in practice.
Read this if: you want to know more about how bonuses should be constructed to drive the goals of the business. Many bonus systems are not well thought out and don't help to improve the things the owner/ operator really wants while costing money and raising the expectation of the staff. Learn about a whole range of techniques you can use to to construct a workable set of goals for your business that focus on achieving what you want.
Related to: part of the human resources materials in Profit Savvy so you may find other topics of interest in that category in the Profit Savvy 'Contents" menu
Degree of Difficulty: this is a yellow belt (introductory) article that should be useful to all levels of management experience.