P4P (Pay for Performance): Why Hourly Is a Failing Formula

It has never been harder to find good employees. Government handouts and programs, publicly traded behemoths with an insatiable appetite for front-line staff, and a burgeoning gig-economy has made hiring extremely hard for small business owners. The golden question is how do we attract good talent and then retain them long-term? How do I determine rates of compensation for my highest performers that are always demanding raises? How do I scale my business without having to constantly micro-manage my Team when they are in the field working?The answer is Pay-For-Performance (P4P).I know the frustration of growing a home service business and trying to motivate your workforce while balancing the budget with rising costs of doing business. P4P allowed me to grow my lawn care business past seven-figures in annual revenue and now we have dozens of locations around North America. In a sentence, P4P pays employees a percentage of the labor revenue they earn for the business. It is that simple. The rest of the P4P system ensures that quality standards are upheld and that employees don’t speed through work or damage customer property. If you are tired of babysitting employees, tired of offering low-paying, dead-end jobs, tired of seeing employees waste time, money, and their own potential, I encourage you to diligently implement P4P and see it transform your business. What's Inside:This manual is your key to success, and the future to the labor industry as we know it. Inside you'll find the tools need to implement P4P successfully in your business. From bringing up the idea to pushing it beyond a simple pay structure, P4P Why Hourly Is A Failing Formula will revolutionize how you do business.Why Pay per Hour Is a Broken SystemThe Cultural and Financial Issues Caused by Paying Employees on an Hourly BasisHow to Tell Your Team: Step-by-Step Implementation of P4POpening the Books and Showing Your Team the Business NumbersHow to Use Profit Sharing to Motivate Your TeamHow to Calculate P4P in Under One Minute Per Day: Complete Payroll Breakdown ExamplesEducational GuideReference MaterialPLEASE NOTE: When you purchase this title, the accompanying PDF will be available in your Audible Library along with the audio. Read more