Does Your Incentive Plan Inspire Your Team?

Does Your Incentive Plan Inspire Your Team?

With the slowdown in the economy, yearly pay raises may be difficult to give.  However, a bonus program can be a great way to motivate current employees and even acquire new ones (when needed). When you include an incentive bonus in your total compensation package, it shifts employee mentality to that of ownership. They become motivated to be more productive and see the practice be successful when they are rewarded for ‘going the extra mile’. With that being said, as the practice owner, you need to be clear when presenting a bonus program. A written copy of the bonus protocol should be more »