Top 10 Reasons Your Management Bonus Program Is Crap
November 23rd, 2009 // 10:21 pm @ Jeffrey Summers // No Comments
1. You’ve created nothing more than another way for managers to game the system.
2. You’ve based it on absolutely nothing that makes any real impact on your business goals.
3. You’ve not grounded it in your businesses core values.
4. Your focus isn’t on growing better people but growing better profits.
5. You reward anyone who can blow mist on a mirror.
6. You’ve not tied it to specific growth and performance goals for each individual manager.
7. You reward behaviors that are already part of the manager’s job description.
8. You have one only because everyone else has one too.
9. You give the same amount to every person at each level based on group criteria.
10. You give them out even though your business isn’t profitable.
10.5 You haven’t changed it in more than 2 years even though your management ranks have turned over 70+%
10.6 You relied on your HR manager’s survey of other companies and their best practices to tell you what your people need.
10.7 You don’t have an HR manager so you bought that HR kit in a box that told you what your people need.
10.8 You have no measurement in place to determine the effectiveness or level of engagement that the program encourages or discourages.
Call me and I can help you design an effective bonus program that gets real results for your people and your business. 877-535-2324
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