Road To A Million: Building A Million Dollar Home Cleaning Business podcast

Stop Playing Santa: How To Give Pay, Raises & Bonuses Without Going Broke

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1:09:04
15 Sekunden vorwärts
15 Sekunden vorwärts
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This SOP outlines the process for giving pay raises and bonuses to employees, ensuring clarity and alignment with business goals.

Key Steps

 

Introduction to Pay Raises and Bonuses 0:50

 

  • Discuss the importance of giving pay raises and bonuses that serve both the employee and the business.

  • Emphasize the goal of making employees feel valued.

 

Understanding Employee Performance Levels 19:09

 

  • Identify performance levels:

    • Negative 1 to 0 Conversations: Addressing underperformance and helping employees improve.

    • Zero to 1 Conversations: Encouraging good performers to become great by providing incentives.

 

Setting Clear Expectations for Raises 22:42

 

  • Clarify that raises should be given based on performance improvements (Zero to 1) rather than fixing problems (Negative 1 to 0).

  • Define what it takes for employees to become more valuable.

 

Using Historical Data for Pay Structure 25:57

 

  • Utilize historical data to guide pay structures for cleaners and other staff.

  • Establish a base pay that is above minimum wage.

 

Incentives for Cleaners 27:14

 

  • Implement bonuses tied to performance metrics:

    • Attendance Bonus: Reward for perfect attendance.

    • Google Reviews Bonus: Incentivize cleaners for receiving positive reviews.

    • New Employment Bonus: Reward for reaching attendance milestones.

 

Long-term Benefits and Minimum Pay Guarantees 40:09

 

  • Offer long-term benefits such as guaranteed minimum pay for reliable employees.

  • Ensure that employees understand the criteria for maintaining their status.

 

Creating a Culture of Accountability 55:13

 

  • Establish clear rules around pay and performance to avoid entitlement.

  • Reward reliability and five-star service to foster a high-performance culture.

Cautionary Notes
  • Ensure that all conversations regarding pay and performance are constructive and focused on growth.

  • Avoid using bonuses as a means to fix performance issues; instead, address the root causes of underperformance directly.

Tips for Efficiency
  • Regularly review and update the pay structure based on performance data and market trends.

  • Maintain open communication with employees about their performance and the criteria for raises and bonuses.

 

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