Ep. 30: Creating a Bonus Plan for your Dental Practice

A bonus plan is a great way to motivate your team and reward them for their hard work, but if you structure it the wrong way, it can create problems. So in this episode, Jeff discusses some “do’s and don’ts” and example bonus plan systems to make sure both the owner and the staff win with your bonus plan.

Topics:

:47 – The “do’s and don’ts” of creating bonus plans

9:02 – Example of a workable bonus plan

14:23 – Ensuring the practice owner and the staff both win

20:08 – Adding special one-off bonus game like group trips or extra year-end bonuses

Links:

Overhead Sheet - https://www.mgeonline.com/overhead-materials

Sample Bonus Plan Ideas - https://www.mgeonline.com/bonus-plan-ideas

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