3 months ago I hired an Operations Manager. His job is to make sure all the jobs are completed and my clients are happy. He is currently overseeing two other full-time window/gutter cleaners. We have 2 trucks at this point.
I would like to grow as a business, but would like to link the financial prosperity of my Ops Manager to the financial prosperity of my business. So, I have been doing some brainstorming, and would like to bounce an idea off of you. I'm very open to ideas. This may be a bad one. I don't know.
Basically, I would give him his established salary of $3,600 per month, PLUS a bonus that would be determined by how well the business did that month. I'm thinking for $0 - $250,000 gross sales, he would get 1%. $250,000 - 500,000 he would get 2% as a bonus. Anything above $500,000 he would get 3%.
This would only be on the crews that he supervised.
If we grew to the point where I needed more than one Ops Manager, then he would get the bonus only on the gross sales that the crews he oversaw produced.
I would give the bonus on a monthly basis. So, if we did $25,000 in a month, he would get a $250 bonus for that month. However, after we hit $250k for the year, and we did a $25,000 month, he would get a $500 bonus for that month.
What do you think of this idea? Has anyone tried something similar. I would like to give him incentive to work hard to get the business to grow and make sure that we keep the quality of our work at a very high standard, and make it so that he is rewarded in the process.
It would be my responsibility as the Owner, to do the marketing necessary to grow the business. I'm considering doing some heavy direct mail marking to see that happen.
Anyway, would love to get your feedback.
I would like to grow as a business, but would like to link the financial prosperity of my Ops Manager to the financial prosperity of my business. So, I have been doing some brainstorming, and would like to bounce an idea off of you. I'm very open to ideas. This may be a bad one. I don't know.
Basically, I would give him his established salary of $3,600 per month, PLUS a bonus that would be determined by how well the business did that month. I'm thinking for $0 - $250,000 gross sales, he would get 1%. $250,000 - 500,000 he would get 2% as a bonus. Anything above $500,000 he would get 3%.
This would only be on the crews that he supervised.
If we grew to the point where I needed more than one Ops Manager, then he would get the bonus only on the gross sales that the crews he oversaw produced.
I would give the bonus on a monthly basis. So, if we did $25,000 in a month, he would get a $250 bonus for that month. However, after we hit $250k for the year, and we did a $25,000 month, he would get a $500 bonus for that month.
What do you think of this idea? Has anyone tried something similar. I would like to give him incentive to work hard to get the business to grow and make sure that we keep the quality of our work at a very high standard, and make it so that he is rewarded in the process.
It would be my responsibility as the Owner, to do the marketing necessary to grow the business. I'm considering doing some heavy direct mail marking to see that happen.
Anyway, would love to get your feedback.
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