EPISODE · Dec 31, 2020 · 45 MIN

Everything you need to know about bonuses

from Dental BossLady Leadership Academy Podcast · host Dr. Terri Pukanich

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