The Results, The Real Results of Performance Based Pay Episode 101

 

 

The Results, The Real Results of Performance Based Pay Episode 101

 

This week we got to talk to Josh Latimer about incentive-based pay or performance based pay the way he did in his company rather unique for a service-based company. Mostly through trial and error.

Josh went through many different ways on how to put together a system that works for him and that's what it all is about a system no matter what you do and how you do it you're creating a system that streamlines and your business so that you can make more profit but with the incentive-based pay .

it adds to the metrics of your business you can make more profit, your employees make more money and your customers can feel special. While your customers feel special because everyone in your business feels special so that's going to create amazing results for everyone that interacts with your customer.

 

What Josh did he set of base pay for his techs and his supervisors? It was based on truck volume in the more the truck does in business volume gives everyone a chance to make more money each week. They had the opportunity to upsell, create new business and he has unique system for that also.

He makes the employee aware of their surroundings when they go to a clients or customers house they look for things that could be done in the very near future and some of the things that they may need to have done and they report back to be sales people.

Usually you don't get a great technician and a sales person all rolled up in one. You get a good salesman and a good technicians very rarely do you get a good salesman is the technician if you have that that's great but don't overwork your employees to do jobs that they're not suited for him so he had a really good system worked out had a bonus schedule that they could make bonus points to get dinners out, weekends away, football tickets and things like that

So what is the system what will it do it will create a stronger unity within the core of everyone who works at your company. Your employees are happy and they are making more money you're making more money or making more money because you have given them an incentive or many incentives to your team members. They’re no longer just working for the hour working for the dollar their goals are aligned with your goals as the owner and you can actually build a team instead of a us against them type mentality,. Now everyone works towards a common goal of the increase of the business.

It’s a nice about when you treat your employees and they are WOWED wow like this you have a lot going for you have employees who don't want to leave because they are compensated well and because they are compensated well they tell their friends on how well Air Com said at work that builds your list of people who want to jobs. So you're creating a backup workforce for one thing when you want to grow or someone leaves.

 

So Josh become a star business owner who implement systems and grow systems well I would recommend to you that you go to his webpage window well.com and if you're looking to implement systems are looking to expand your system little more maybe take a look at his e-book buys e-book I know that he has also a Boot Camp if you can get more information on which will be an online training course in how to implement systems so go to                    www.windowwealth.com

 

 

If you have any questions that you might want to ask Josh then go to [email protected] and shoot Josh an email he be happy to answer his email and help you anyway you can

 

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