EPISODE · Feb 24, 2021 · 45 MIN
Episode 308 - Retain Your Employees with Piece Rate Pay
from Potty Talk - The Podcast for Plumbing Business Owners · host Richard Behney
The best way to retain good plumbing technicians is by paying well. And the best incentive pay type is piece rate pay. With piece rate, you determine the amount of time and money a job is worth. You charge the customer for that amount of time, and you pay the technician for that amount of time. You create more time, your techs are paid for more hours, your business sells more, and your customers appreciate the simple rate. Everybody wins! Timestamps: (09:35) Retaining good plumbing technicians: We get them hired and on board. But how do we retain these guys? (10:16) “What is the best way to pay my plumbers?” The answer is piece rate. (13:23) What is piece rate? (15:21) Why Is Piece Rate Effective? (20:38) Piece rate is easy to understand and manage. (31:45) Everyone wins with piece rate: the technician, the customer, and your business! → Grab my FREE Million Dollar Plumber Blueprint learn how to build a secure and profitable plumbing business to make more money and live a life you love: https://www.plumbingbusinesssuccess.com/blueprint → Join my Million Dollar Plumber Success Academy where I teach you the BUSINESS of plumbing. Grab a 14-Day FREE trial now: https://www.plumbingbusinesssuccess.com/success LEARN MORE and CONNECT with us: ◆ Website: https://www.themilliondollarplumber.com ◆ Facebook: https://www.facebook.com/themilliondollarplumber ◆ Instagram: https://www.instagram.com/themilliondollarplumber/ ◆ YouTube: https://www.youtube.com/channel/UC0Fh1HN4RvOw2hMk9n5PysA Check out more Power Tools for your business: ServiceTitan is the world’s leading all-in-one software for commercial and residential HVAC, plumbing, electrical, and other field service businesses. Mention Million Dollar Plumber to get a HUGE discount! https://www.plumbingbusinesssuccess.com/servicetitan ApplicantPro is the ultimate hiring solution for plumbing companies to increase applicant flow, skillfully screen and select candidates, and make quality hires without breaking the budget. No IT or HR team required. https://www.applicantpro.com/mdptrial/
What this episode covers
The best way to retain good plumbing technicians is by paying well. And the best incentive pay type is piece rate pay. With piece rate, you determine the amount of time and money a job is worth. You charge the customer for that amount of time, and you pay the technician for that amount of time. You create more time, your techs are paid for more hours, your business sells more, and your customers appreciate the simple rate. Everybody wins! Timestamps: (09:35) Retaining good plumbing technicians: We get them hired and on board. But how do we retain these guys? (10:16) “What is the best way to pay my plumbers?” The answer is piece rate. (13:23) What is piece rate? (15:21) Why Is Piece Rate Effective? (20:38) Piece rate is easy to understand and manage. (31:45) Everyone wins with piece rate: the technician, the customer, and your business! → Grab my FREE Million Dollar Plumber Blueprint learn how to build a secure and profitable plumbing business to make more money and live a life you love: https://www.plumbingbusinesssuccess.com/blueprint → Join my Million Dollar Plumber Success Academy where I teach you the BUSINESS of plumbing. Grab a 14-Day FREE trial now: https://www.plumbingbusinesssuccess.com/success LEARN MORE and CONNECT with us: ◆ Website: https://www.themilliondollarplumber.com ◆ Facebook: https://www.facebook.com/themilliondollarplumber ◆ Instagram: https://www.instagram.com/themilliondollarplumber/ ◆ YouTube: https://www.youtube.com/channel/UC0Fh1HN4RvOw2hMk9n5PysA Check out more Power Tools for your business: ServiceTitan is the world’s leading all-in-one software for commercial and residential HVAC, plumbing, electrical, and other field service businesses. Mention Million Dollar Plumber to get a HUGE discount! https://www.plumbingbusinesssuccess.com/servicetitan ApplicantPro is the ultimate hiring solution for plumbing companies to increase applicant flow, skillfully screen and select candidates, and make quality hires without breaking the budget. No IT or HR team required. https://www.applicantpro.com/mdptrial/
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Episode 308 - Retain Your Employees with Piece Rate Pay
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