In this episode, you'll discover:

• The Right Bonus System will ENERGIZE Your Team
• Why you should make it YOUR GOAL to bonus your team. 
• How to set your Bonus Budget 
• Discover WHEN to bonus, HOW to bonus and WHO to bonus. 
• Do You Have a PROFITABLE Business Model?
   

Episode Highlights

01:58 - You are developing leaders, evaluating your team and valuing them in a way where you're able to compensate them well for the work that's being done.

07:39 - The first concept for the bonus system is to manage Expectations and Agreements.

14:39 - A look at establishing your base case scenario in order to determine where you can make changes for growth.

19:27 -  If you're setting your goals at base case scenario, anything above base case would be considered a super threshold and that's when our bonus system starts to kick in.

25:46 - Setting up a bonus budget and how to ensure you have the money set aside instead of dipping into savings. 

28:39 - When you combine the bonus system and quarters with the scorecards, where you are meeting in and checking in on a weekly and monthly basis it decreases the chances of someone gamifying the system.

29:39 - An example of how to calculate the amount of bonus everyone receives.

Resources Mentioned

To download your copy of the Remarkable Bonus Systems Worksheet, please click here: https://theremarkablepractice.com/podcast-ep195-bonusworksheet

To learn more about the REM CEO Program, please visit:  www.theremarkablepractice.com/rem-ceo

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Dr. Stephen’s Book – The Remarkable Practice: The Definitive Guide to Build a Thriving Chiropractic Business