#47: How to Implement Performance-Driven Compensation

Contractor Momentum

#47: How to Implement Performance-Driven Compensation

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This week, I’ve got a quick solo podcast discussing performance-driven compensation – what challenges you might face when implementing, how to avoid those problems, and how to make it work so that employees are motivated.

Join the Contractor Momentum Lounge FB group: https://www.facebook.com/groups/896216427196514

Here’s what I discussed:

00:35 Challenges with performance-driven compensation

01:22 How to make performance-driven compensation work

• How to avoid the challenges
• What documented standards you need to implement performance-driven compensation
• Other tips I do to make piece work effective

10:28 How to structure your performance-driven compensation to motivate employees

Check out The Scalable Method: https://mdm.contractormomentum.com/get-the-scalable-method?fb2277&fbclid=IwAR3XUd9Fn1z9tX3Q5CAGNvMnvJL8v2dclVgmR_c6nES3EqERDp327xJWo2I