AgaBoogaBoo
Lifer
There is a local carwash that pays you an industry standard wage, maybe something higher than that, and so high school students can work for $8-9/hour. What they do though, is have monthly bonuses for every location, and for every employee that works 15 hours a week or more.
This means you get paid $8-9/hour, but you also get maybe an extra $200-300 (not sure on exact numbers) as an incentive to do your best. There are months when they don't make it, but they know why, and it would have to be because of a reason, things in their control.
I was talking to a business partner about this model and if it would work as an open book system or not, where all the employees can see how much money is going around. The idea would be that with the right people (Is finding the right people the issue here?), this would motivate everyone to do their fair share of everything. It also doesn't make any one manager a bad person.
Part of the model would be that if someone had to be fired, it would be a group decision, not something done between one or two managers.
This system would promote honesty, probably increase the average time an employee stayed with this business, and in general, make workers happier. Who doesn't want more money when they do a good job?
The obvious down side might be that the owners don't make as much right away, but if you don't have to replace workers often, maybe that will make it worth it? Everything in the business would become better, like the way customers are treated, because the employee knows that if the customer comes back in, it's more business, which means more money for him at the end of the month.
Edit: I realize this is done through stock options for some people, but it isn't applied a lot to retail jobs. Commission is offered with some, but that promotes laziness outside of making the sale alone.
This means you get paid $8-9/hour, but you also get maybe an extra $200-300 (not sure on exact numbers) as an incentive to do your best. There are months when they don't make it, but they know why, and it would have to be because of a reason, things in their control.
I was talking to a business partner about this model and if it would work as an open book system or not, where all the employees can see how much money is going around. The idea would be that with the right people (Is finding the right people the issue here?), this would motivate everyone to do their fair share of everything. It also doesn't make any one manager a bad person.
Part of the model would be that if someone had to be fired, it would be a group decision, not something done between one or two managers.
This system would promote honesty, probably increase the average time an employee stayed with this business, and in general, make workers happier. Who doesn't want more money when they do a good job?
The obvious down side might be that the owners don't make as much right away, but if you don't have to replace workers often, maybe that will make it worth it? Everything in the business would become better, like the way customers are treated, because the employee knows that if the customer comes back in, it's more business, which means more money for him at the end of the month.
Edit: I realize this is done through stock options for some people, but it isn't applied a lot to retail jobs. Commission is offered with some, but that promotes laziness outside of making the sale alone.
