@DarrenBourke is a #businesscoach and #mentor to #smebusiness #owners.

He's worked as a chartered accountant with @Deloitte and @pitcherpartners, had a #HR startup and authored @thefourthmoon.

In this episode we talk about #employeeincentiveschemes, we cover;

different kinds of incentive schemes
the quantitative and the qualitative aspects of looking to engage, empower, motivate, and most importantly, retain our existing labor, but also to attract new talent
some of the common forms of pushback and objections, both from employers and employees
why your focus needs to be on your brightest, your best and most loyal ongoing team members.
the 3 tier hierarchy;
1. #bonuses ( then target bonuses, then kicker bonuses)
2. #profitshare
3. equity or share of the business
when and how to introduce them
how a bonus scheme is an entree to moving forward with these incentive schemes.
employee incentives leading into a #businesssale
the role and importance of non-financial benefits

www.darrenkbourke.com/

Thanks for listening. Visit the Owner To Owner Podcast website to subscribe, listen back, or check out any resources or information mentioned on the show.

Search @ownertoownerpodcast on your favourite podcast player to subscribe and listen to the episodes.

Reach out to Michael Kerr via the website if you need personal assistance or advice for your small business.

michael.kerr@kerrcapital.com.au

www.ownertoownerpodcast.com.au

Amazon One palm authentication, BeReal, CyberOne, and great drummers