Jump to content

Start LLC for $0 at IncFile

Start LLC for $0 at IncFile

Start LLC for $0 at IncFile

California jury finds American Tire Depot negligent

Recommended Posts

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Similar Topics

    • By Joe Marconi
      Let's face it, we all need a certain income in order to pay bills and take care of our families. But when it comes to paying bonuses and incentives, money is not the only way to reward performance.  
      Other than money, what non-monetary bonuses or rewards do you give to your employees? 
    • By ASOG Podcast
      1.4 Million Dollars and Broke
    • By Joe Marconi
      It's no surprise to anyone that today's workforce is looking over the fence for greener grass.  The fact is we need to KEEP and ATTRACT employees. 
      We need to also keep in mind that shops need to be more profitable today and in the future in order to compete with other companies and industries.  
      Let's put our heads together and discuss ways we can create pay plans and benefits packages that will keep our employees and also attract quality people to our shops. 
    • By carmcapriotto
      Motivation- based on relationship, culture, and attributes that empower them.  You must be profitable to have financial rewards Your business model needs to be sustainable, growable, and expandable based on labor- you need to be profitable in labor Performance-based pay: pure pay for what they produce, to hourly based with an incentive scale that gets them to $50 to $70 an hour. Interview- paid training, employment programs for career growth, ask about their dreams and their ‘why’ and plan their incentive pay You're not hiring a technician, you’re hiring for a career and lifestyle  Employees are looking for security and longevity  Bonuses: it’s the cherry on top, monthly/annual hours into training raises base hourly, ASE master raises base hourly, longevity bonuses for tenure, tool bonus based on hours or punctuality, consistency bonus: produced 50 hours or more for 2 to 5 weeks in a row earn up to another $5 an hour, leadership & personal development incentive: be a better version of themselves, Apprentice toolbox they get to keep after 5+ years, etc 74% labor GP on highest-paid tech- take 74%-100% = 26%, $40/.26= labor rate to be at 74% Modifying pay- what is the intent? Can it continue to change? Are there potential negatives by adding to the pay if something goes wrong in the pay plan? You can’t compromise and be a giver and taker.  Incentive plans don’t work if the employee doesn’t know how to track themselves. Teach your employees to watch themselves in the simplest way.  Give freedom- expand to quarter or every 6-month programs to take into account vacation, sick time, etc. Don’t make it a disincentive plan Critical sick time, health spending account, ‘pay the vacation,’ health benefits plan for families, team bonuses Your incentive plan should build your bench of technicians wanting to come work for you. One pay plan doesn't work for everyone. It also needs to be tied to your vision for the business.
      Connect with the Podcast Aftermarket Radio Network Subscribe on YouTube Visit us on the Web Follow on Facebook Become an Insider Buy me a coffee Important Books Check out today's partners: More Time. More Profit. Shop-Ware Shop Management getshopware.com
      Click to go to the Podcast on Remarkable Results Radio
    • Advertise your services or products to passers-by attracting them towards your business
    • By Joe Marconi
      Now that I am not a shop owner, I had to make an appointment to have the A/C checked on my wife's car. While the vehicle was being serviced, the tech noticed a bubble on the tire. I told the service advisor to get me a good set of Michelins.  He said that might be hard since he had trouble getting some sizes and models.  My wife drives a Mercedes E350. 
      Are you seeing tire-related shortages too? 

  • Our Sponsors

Flash Sale + Social Proof

Flash Sale + Social Proof

Flash Sale + Social Proof

  • Create New...