Everything you need to know about bonuses

Dec 31, 2020

Welcome to Episode 5 of the re-launched Dental Boss Lady Leadership Academy Podcast with Dr. Terri Pukanich. In today's episode we are gonna be taking everything bonuses. Should you do them? How do you do them? Why and when should you do them? And how to not get burned by implementing a bonus? All this and much more, up next.

• Bullet points
• 00:07 - Everything about bonuses
• 02:38 - Bonuses are meant to be win-win
• 03:21 - Should you do a bonus?
• 03:33 - First: How well is your team being paid?
• 12:14 - Know your numbers: if you are not profitable, you can't afford bonuses
• 13:50 - How to base your bonuses
• 15:06 - Second: Don't let your bonuses become expected, set a timeline instead
• 18:32 - Recommended idea: Teared bonuses
• 19:19 - Recommended TED Talk: Dan Pink, The Puzzle of motivation
• 22:42 - Reevaluating bonuses
• 23:56 - Setting realistic goals
• 25:28 - Third: have a scorecard
• 27:42 - Setting a daily bonus
• 34:12 - The importance of individual accountability
• 39:33 - Some final thoughts
• 40:52 - One last tip: recognition by team