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Profit Works: Unravel the Complexity of Incentive Plans to Increase Employee Productivity, Cultivate an Engaged Workforce, and Maximize Your Company’s Potential
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About Profit Works: Unravel The Complexity Of Incentive
Product Description Profit Works will help you unravel complexity. Discover how to create simple and effective incentive plans that work. Filled with practical tools for your company, Profit Works is a "how to" guide helping you maximize your company's potential. Learn the 5 key principles that must be understood when designing incentive plans and get real-life examples of the 6 most common mistakes people make. Multiple incentive plan design options are reviewed including different payout options and guidance for rolling a plan out to your company. Additional material provides exercises for your team to help them understand why Profit Works for everyone - and why they should care. "Profit Works helps companies design incentive plans that teach a No-Entitlement Attitude to your team. I strongly recommend this helpful guide for business leaders who want their employees to think and act like owners!" -- Dan Sullivan, Co-founder and President of Strategic Coach® Review At Strategic Coach, we have what we call a No-Entitlement Attitude, which means we believe that you need to create value first before you receive any reward. Profit Works helps entrepreneurs design an incentive plan that teaches this attitude to your team. I strongly recommend this helpful guide for entrepreneurs who want their employees to think and act like owners! - Dan Sullivan, Co-Founder and President of Strategic Coach(R) I loved this book. It's an incredibly simple and practical guide to profit sharing and incentives. It's customizable to your organization with great take-a-ways! A must read for any entrepreneurial organization. - Gino Wickman, Author of Traction and Entrepreneurial Leap Profit Works definitely falls into the "I wish I had this years ago" category of a resource that would have been incredibly valuable to my CEO peer group members. A must read and reference for ANY owner/CEO who wants to drive performance in their company. - Larry Hart, Vistage Chair (Retired) I wish I had this book for the previous companies that I owned. We spent a tremendous amount of time trying to figure out a structure for incentive plans and when we finally got it to work, it changed our business. Nearly all of my EOS(R) clients ask the question: "Is there a model for a great incentive plan?" and now there is. Great work, and a very simple read. I will be purchasing this for all of my clients. - Coach Bob Shenefelt, Professional EOS Implementer(R) We have a good profit-sharing program in place with measurables reported weekly. It feels like an eternity ago that we made Mistake 5: My Incentive Plan Is Disconnected from day-to-day jobs! We have come a long way since those days of giving out bonuses during the holidays that were disconnected from performance-driven rewards. I highly recommend all entrepreneurs read Profit Works and follow their simple formula! Sharing profits with my well-deserved work family is fun and the favorite part of my job. - Sandy King, President of Symbiont Service Profit Works reveals a simple and practical way to implement incentive plans in your company. Too many entrepreneurs get stuck here because they can't connect the incentive payout to a unified and collective increase in productivity. This book and its tools provide everything you need to avoid the pitfalls of becoming one of those business owners. I'm recommending the Profit Works method to all of the teams I coach. - Jill Young, Author of The Advantage Series books and courses. The great balancing act of creating a challenging, motivating, safe and exciting work climate and culture is a task all leaders take on as elemental to success. Profit Works shows the reader how to practically approach one of the tough parts of this balancing act: getting a really good incentive plan in place and implemented. This book shows how to avoid the common and even many of the advanced mistakes in the design and execution of incentive pay. Do yourself a favor and use all the ideas in th
