Bonus Incentive Plans to Drive Action

What do you expect from your employees? Do you expect them to think like an owner? Or just clock in and get their work done? Are they compensated for your expectations? In this episode of MakingChips, we’ll cover the bonus incentive plan I’ve structured for my core team. I’ll share the goals of the program, how to determine what behaviors to incentivize, what the reward(s) will be, and an easy way to manage it. Don’t miss it!

Segments

• [2:16] ZENGERS new bonus incentive program
• [2:50] What’s happening in the lives of ZENGERS and Carr
• [5:59] Illinois and Chicago’s Vaccine and Mask Mandates to End Feb. 28th
• [9:03] How I structure my bonus incentive program
• [13:15] The 4 goals of my bonus incentive program
• [15:39] How to determine what behaviors to incentivize
• [23:53] The goal of the incentive program is to drive results
• [26:20] Determine the reward of your incentive program
• [28:17] How to manage your bonus incentive program
• [32:33] Are you incentivizing what someone is paid to do?

Resources mentioned on this episode

Get The Boring Bar Newsletter – Text CHIPS to 38470 to subscribe!

• Illinois and Chicago’s Vaccine and Mask Mandates to End Feb. 28th, Anticipation Builds for IMTS 2022

Connect With MakingChips

• www.MakingChips.com
• On Facebook
• On LinkedIn
• On Instagram
• On Twitter
• On YouTube