Thanks Jeremy, it was a big gamble at first but it's become a great part of our company culture.
We are also hiring installers if anyone is interested ;-) -Sean On Tuesday, December 2, 2014, Jeremy via Af <[email protected]> wrote: > I think this is awesome Sean. > > On Tue, Dec 2, 2014 at 8:07 PM, Sean Heskett via Af <[email protected] > <javascript:_e(%7B%7D,'cvml','[email protected]');>> 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] >> <javascript:_e(%7B%7D,'cvml','[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]> >>> 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]> 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]> >>>> wrote: >>>> >>>>> When does everyone else usually hand this over? Are there any tax >>>>> benefits or anything like that? >>>>> >>>>> Josh Luthman >>>>> Office: 937-552-2340 >>>>> Direct: 937-552-2343 >>>>> 1100 Wayne St >>>>> Suite 1337 >>>>> Troy, OH 45373 >>>>> >>>> >>>> >>> >
