We always did the monthly bonus structure, similar to what has already
been listed, and also did a Christmas bonus of $100 per year the
employee had worked at the company. We had some employees getting $1,500
and $1,600 Christmas bonuses our last year in business. :)
Travis
On 12/2/2014 8:07 PM, Sean Heskett via Af wrote:
The math is similar to what you posted Jeremy, and we have 11
employees so it can be a couple to a few hundred dollars in a month.
We also made it fat on purpose because all those net new clients are a
new long term revenue stream for the company.
It gives them ownership of company growth so everyone is focused on
that one goal...net new. I'm basically trading most of the first
month's revenue for focus on the company goal.
It's been great all around for employee moral and company growth...win win
-Sean
On Tuesday, December 2, 2014, Jeremy via Af <[email protected]
<mailto:[email protected]>> wrote:
So if you have an ARPU of $40 then 40*55 = $2200 / month.
Depending on how many employees you have that would be a pretty
awesome bonus structure.
On Tue, Dec 2, 2014 at 7:25 PM, Tushar Patel via Af <[email protected]
<javascript:_e(%7B%7D,'cvml','[email protected]');>> wrote:
Sean,
Sound like great plan. We need to implement something like this.
So with net of 55 per month, how much $$ will go in the pool
per month? So highest amount made in the year by one person?
Tushar
On Dec 2, 2014, at 6:48 PM, Sean Heskett via Af <[email protected]
<javascript:_e(%7B%7D,'cvml','[email protected]');>> wrote:
a couple years ago we stopped doing christmas bonuses and
moved to a year round monthly "net new" bonuses each month.
we take the total active subs last month and the total
active subs this month and any amount over 20 goes into the
net new bonus pool.
for instance if we have 75 net new in a month then 55 *
monthly sub $ average = net new $ bonus pool. the pool gets
divided amongst everyone. The formula is a bit more
complicated than that but that's the general gist of the "net
new bonus". also the reason for the "20" off the top is that
we feel the company should be able to add 20 net new subs
with out even really trying (based on historical data from 15
years)
this gets the whole team from sales to support to installers
to network techs focused on customer retention and company
growth. also since the monthly sub $ average is part of the
formula it encourages everyone to upsell.
this november we doubled last november's net new :-)
we expect this december to blow the doors off last year
because in the first 2 days of the month we took 23 orders.
-sean
On Tue, Dec 2, 2014 at 12:48 PM, Josh Luthman via Af
<[email protected] <javascript:_e(%7B%7D,'cvml','[email protected]');>>
wrote:
When does everyone else usually hand this over? Are
there any tax benefits or anything like that?
Josh Luthman
Office: 937-552-2340 <tel:937-552-2340>
Direct: 937-552-2343 <tel:937-552-2343>
1100 Wayne St
Suite 1337
Troy, OH 45373
