New Incentive Plan For Better Results

 

Revised Incentive Plan Produced Better Results
New Incentive Plan for Better Results

New Incentive Plan For Better Results – We revised the incentive plan,  and it produced better results in sales and service.

After implementing the new Customer Survey System, the results of the service department materially improved both with the productivity and quality of the performance. I was pleased with the first month of the program. Sales were up, and the customer complaints were few and far between. The backlog report of service orders was current, and the morale of the department was positive. Everything was moving in the right direction.

Chris, the service manager, suggested a change in the Customer Survey System. Initially, I was shocked because things were going so well, but I listened to him. He recommended that we create a monthly bonus pool paying the whole group of technicians, shared equally. He suggested that for every customer survey received with all the ratings of a “4” or better for the six questions, earn $5. The number of surveys receiving a bonus will be listed on the whiteboard in the conference room by the service technician. I want every technician to know how his monthly bonus contribution to the group compares to the rest of the service team. The plan will create competition amongst the service guys. Their egos and peer pressure will force each tech to do better and earn more bonus money for the group.

The bonus plan must be a “win – win – win” incentive system.

The company wins because our service guys are providing better service which makes for happier customers. The plan is self-policing because the techs who are not producing are going to get pressure from the rest of the group to do better. The techs win because they are going to receive a monthly bonus that they never received before for delivering superior service. Our clients benefit because our technicians are working hard to earn a “4” or “5” rating for their efforts with the customers.

New Incentive Plan For Better Results

After implementing this bonus program, everyone in the service department focused on the whiteboard with the growing monthly bonus total. The top producers were helping the technicians who were not doing as well. The bonus program turned the department into a team, everyone supporting the technicians who needed help. Sales and profits were up, customers were happy, and the turnaround was progressing successfully!

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

Please click on the links below to read some of my other articles like New Incentive Plan For Better Results.

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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.

If the information in this article New Incentive Plan For Better Results. helps you, your family or a business associate, please email me at bob@ceorsc.com and share with me the story.

If you would like to purchase either or both books autographed by the author, please click on the following link: Redtoblackbooks.com.

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.