Incentive Pay Ideas for Technicians [THA 282]

Did you know incentive pay plans are both monetary and nonmonetary? Your business must be profitable and have a clear vision with the right culture set in place for incentive plans to work. How are benefits, bonuses, and incentives different? Keep listening to find out how to incentify your employees to achieve their dreams. Watch the Episode on https://www.youtube.com/watch?v=kdfLILEvX88 (YouTube) Bryan Kelley, https://valleyautoelectric.com/ (Valley Automotive Repair & Electric), Covington, WA. Bryan’s previous episodes https://remarkableresults.biz/?s=%22Bryan+Kelley%22 (HERE). Carlo Sabucco, https://www.mechanicmississauga.com/ (Sil’s Complete Auto Care Centre), Oakville, ON. Carlo’s previous episodes https://remarkableresults.biz/?s=carlo+sabucco (HERE). Dave Schedin, https://www.computreksystems.com/ (CompuTrek Automotive Management Systems). Dave’s previous episodes https://remarkableresults.biz/?s=%22Dave+Schedin%22 (HERE) Key Talking Points Motivation- based on relationship, culture, and attributes that empower them.  You must be profitable to have financial rewards Your business model needs to be sustainable, growable, and expandable based on labor- you need to be profitable in labor Performance-based pay: pure pay for what they produce, to hourly based with an incentive scale that gets them to $50 to $70 an hour. Interview- paid training, employment programs for career growth, ask about their dreams and their ‘why’ and plan their incentive pay You're not hiring a technician, you’re hiring for a career and lifestyle  Employees are looking for security and longevity  Bonuses: it’s the cherry on top, monthly/annual hours into training raises base hourly, ASE master raises base hourly, longevity bonuses for tenure, tool bonus based on hours or punctuality, consistency bonus: produced 50 hours or more for 2 to 5 weeks in a row earn up to another $5 an hour, leadership & personal development incentive: be a better version of themselves, Apprenti