Management Bonus Program

Management Bonus Program
Management Bonus Program

Using a Management Bonus Program is an excellent way to motivate management to maximize their performance. My goal is to treat each manager as an owner.  I create a bonus program that rewards the management team like they are shareholders. I believe that sharing profits with the management team increases the company’s profits.

The Management Bonus Program.

When a managers’ bonus grows as the profits increase, they treat the business as if they own it. When a company distributes 25% of the profits to the managers, the managers review each financial transaction much closer.

I believe in distributing quarterly and annual bonuses based on the success of the company and the managers. Before I allocate any rewards, each manager must accomplish their personal goals. Also, the company must reach its profit target.

Management Bonus Program should include personal SMART Goals.

The management team and I develop the corporate goals for the business for the following year. When finished, the managers receive a copy of the goals and the annual budget. The managers then develop their personal goals which aid to the success of the corporate goals. We divide each manager’s goals into quarterly accomplishments. The managers and I review each of their goals and make any necessary adjustments.

Management Bonus Program

I review the status of the goals with each manager halfway through each quarter. This procedure ensures that they focus on accomplishing their goals.

We distribute, each successful quarter, twenty percent of the annual bonus. We give quarterly bonuses if the company met the profit forecast and the manager made his personal goals. The fourth quarter bonus is equal the total bonus earned less the amounts paid year-to-date.

Management Bonus Program

We distribute the bonuses only to managers who are currently working for the company. If a manager leaves the company before the bonus payment date, he or she forfeits their bonus.

My name is Robert Curry, and I am an Author, Business Coach, Keynote Speaker, and Turnaround Specialist. Over the past 20 years, I have turned around more than 70 companies taking their businesses from Loses to Profits.

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Recently, I have recently published two books about turnarounds: “From Red to Black – A Business Turnaround” and “The Turnaround.” Both books are true stories about turnarounds of real companies that I have turned around during my career. In both books, I have shared all my Profit Improvement Recommendations (“PIR’s”). PIR’s helped to grow sales, reduce expenses, improve cash flow, and most importantly, strengthen the management teams.

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From Red to Black & The Turnaround
"From Red to Black" & "The Turnaround"

To our clients, past, present, and future:

I am Bob Curry, an author, and owner of CEO Results Coaching. It is incredible how often we hear a similar message and experience the same issues from new clients. Owners/CEOs feel like they are on an island with no one to turn to for advice. Unfocused employees are draining the company of its energy and funds, and sales teams have forgotten how to close deals. These clients say, in a desperate tone, “Bob, this just isn’t what I envisioned.” Our role is to refocus their efforts, so they can resurrect the original passion and vision that motivated them to start their company. The results, sales, and profits increase sales and profits, plus the ability to manage growth successfully.