In this post I’ll share a video with Bonus Plan Best Practices that you can use in your beer business.
This video is one in a series that is included with the Open Book Management Course. This course, and ALL the financial training courses, are included with your Annual Subscription to Beer Business Finance.
Bonus plans work best when there is transparency, communication of information, and continuous education on how the bonus plan works.
Bonus Plan Best Practices:
- Communicate the plan details.
- Answer two basic questions: What are the goals? How do we get paid?
- Show the score (how we’re doing against the goal).
- Regular updates and transparency about actual results.
- Continuous review of how each person can influence the score
- How everyone can make a difference, how actions and decisions are tied to outcomes
Watch the Video: Bonus Plan Best Practices
