Most people agree that bonus plans are a good idea. They agree with that until they have to design one. Then it becomes a thankless job and one that very few people can competently complete. For me, it was a necessity. I absolutely needed every employee on the same page as I was. So I spent 25 years in trial and error until I figured out how to do it. As most of you know, I wrote my first book in 2008 describing all the techniques I learned to design and initiate a bonus program that rewarded employees fairly AND returned an equal or greater value to the company.
Well, long story short, no one likes to read anymore. So I summarized all the steps in a series of 14 videos explaining what to do and how to do it. The last of those videos went out this week on YouTube. I also added all of them to my website devoted to my videos on various business topics – mostly how to manage people effectively.
Here is the link to that website and specifically to the page that holds all of the Bonus Plan videos. Don’t want to read? Cool, now you don’t have to. Watch 14 short videos and in less than an hour, you will be able to build bonus programs too. Later, you can thank me for saving you 24 years, 364 days and 23 hours in the process.
Here is the link: http://flyingshorts.com/building-bonus-plans/