The Contractor Fight with Tom Reber TCF336: 5AM Fight - Should You Give Bonuses to Your Employees?
Many contractors have gotten into trouble over the bonus policies. Tom can tell you first-hand that 100% of companies that he has worked with that had bonus plans were in trouble. There are great alternatives to bonus plans, but if that is the route that you choose to go then make sure you know what you are doing!
In this episode, we talk about…
- A poorly planned bonus plan can sink your business
- Here’s why Tom doesn’t believe in bonus plans
- Get squared away with your numbers and bookkeeping
- Problems in your business are created during the good times
- Job cost your projects within a week of completion
- Set specific criteria so you know when someone should get a bonus
Links to resources:
Conquest Coaching with Tom Reber
Learn how to market like a pro in our Marketing Boot Camp!
Schedule A Contractor Sales Academy Demo
The Contractor Fight Facebook Group
The $100k Contractor is designed to get you to at least $100k a year in personal income. It’s time we quit stealing from our families and get that time back!
The Contractor Sales Academy Podcast
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