Posted by George on May 13, 1997 at 14:10:09:
In Reply to: Bonus Programs posted by Tom R on May 13, 1997 at 12:49:41:
: I am a Chef of a small, upscale inn located in Vermont. I have just taken over and business has never been better. Instead of a raise , I proposed some sort of a bonus program. I am interested in suggestions for all types of programs.
Congratulations!
There are several types of incentive plans that your can put your self up for, that will help make your employer (and you) happy.
The idea is to make your bonuses reflect improvement in the bottom line of the business. After a base line is determined (perhaps last seasons numbers) you could receive percentage bonuses for improvements in definable areas of performance.
Areas to include: Food Cost %, Labor Budget and of course increased net profits.
Your bonus would be a % (say 25%) of whatever improvements you make over the base line.
Good Luck
George