Re: Am I paying my employees too much for the work being don
After doing this for 30+ years I always try to give employees a sense of ownership. I know when I was on the other side of the payroll I felt more loyal when I thought what I was doing was actually for the betterment of the business. I think there is a hundred different ways to create a sense of ownership either through cap oriented bonuses (After a certain amount of sales, your manager receives a percentage of the sales after the goal has been achieved) and so on. You have to model your bonuses or reward structure based on your business model. I think the trick is to empower your managers just enough that they feel what they do actually makes a difference not only in how successful your place is, but also reflects the amount of money and I’ll say it, and “power” they are given. I also believe working side by side during the stressful rush times gives all your employees the sense that what your doing as a team effects not only what I make, but what the team makes as a whole. " Man, if this keeps up, I think we can take that trip down to the casino I was talking about." “OK Joe, I got the hot table, can you watch the front while we finish up back here?” It may be as simple as giving your key employee the alarm code, again it’s all what works for you. The main thing is this, there is a reason your employee is working in a pizza shop and not in a corporate office or in the medical field. I try to always make them feel needed and important. " You know what Joe? There is no way in H$ll I could ever do this without you man, thanks for doing a good job."
Willi