Subscribe
Copied to clipboard
Share
Share
Copied to clipboard
Embed
Copied to clipboard
The Cash Flow Contractor
Trailer
Bonus
Episode 116
Season 1
116 - Paying For Performance: How Hourly Is A Failing Format
- 00:00 - Intro
- 02:00 - What P4P Is
- 03:10 - Why P4P Is In Your Best Interest As A Business
- 04:05 - Labor Is The Biggest Variable
- 05:00 - Do Your People Know?
- 06:00 - Why You Should Incentivize Employees
- 07:00 - The Breakdown Of How P4P Works
- 08:15 - How P4P Attracts Better Employees
- 09:20 - Easy Software You Can Use For P4P
- 10:10 - How It Makes Profit Measurable
- 11:30 - Outro
Quotable Moments
- “Paying by the hour and paying for seniority are antiquated concepts that are still around.” – Marting
- “Paying by the hour does not align with what you want as a business owner.” – Martin
- “Paying hourly is giving your employee the ability to drag a job out.” – Martin
- “As a business owner, labor is the biggest variable. It’s a huge expense and out of your control.” – Martin
- “The bad thing about an hourly job is that the only way to increase is to pester you all the time for a raise or to drag out a project.” – Martin
- “Let people make more because they’re doing better.” – Martin
- “If you pay people, and they work efficiently, you will get more jobs done.” – Martin
- “You will attract better employees because they can make more and they are treated as valued.” – Martin
Resources
- Listen to CFC Ep 112 With Mike Andes
- Read P4P By Mike Andes
- P4P Software Website
- Learn About Our Marketing Partner, Benali
- Watch On Youtube
- Follow On Social: LinkedIn, Facebook, Instagram
- Subscribe To Our Newsletter, The Countdown
- Have Questions? Email us
More from Martin
More from Khalil
More from The Cashflow Contractor