• Pay plans to drive performance when marching toward a sale. | ft. Tom Howard | Ep.433

  • Feb 11 2025
  • Length: 54 mins
  • Podcast

Pay plans to drive performance when marching toward a sale. | ft. Tom Howard | Ep.433

  • Summary

  • Are complicated pay plans hurting your business? The truth is, simple pay plans work better! In this episode, we break down how performance-based pay and the right contractor pay structure can motivate employees and drive business growth.

    Watch the video version of this podcast at https://youtu.be/9yrbSvGMWfs


    Discussion Points:

    00:00 Episode Highlight

    05:10 Australia, California, Las Vegas Pay Differences

    08:30 Effective Incentive-Based Pay Plans

    11:29 Top Salesperson Shares Success Secrets

    15:31 Complicated Technician Pay System

    16:52 Efficient Pay Plan Increases Productivity

    20:14 Leadership Accountability in Sales Misconduct

    23:51 Pricing Framework for Service Markets

    26:33 Calculating Sale Price Breakdown

    32:38 Pricing and Performance Pay Calculation

    33:25 Job Cost and Pricing Basics

    37:30 Optimising Pricing for Profitability

    40:44 Salesperson vs. Order Taker: Distinction

    43:59 Free College Tuition as Employee Perk

    48:00 "Balancing Fairness: Customers vs. Employees"

    49:49 Balancing Life and Financial Stability



    Resources:

    • Get the Acquisition Guide for FREE at https://www.howarddeals.com
    • Website: https://www.howarddeals.com
    • Social: https://www.instagram.com/howarddeals
    • Email: thoward@servicetitan.com

    Let us know what you think! Send us a text.

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