Mar 9, 2019 | By: Bookkeeping For Painters
In this video, I review how to implement a painter performance pay system.
Here’s the summary:
The Painter Performance Pay System is a bonus program that incentivizes painters to beat the budgeted hours on paint jobs to make you more profitable.
The way to implement this system is to the following:
Do Estimates based on budgeted hours/production rates. A good way to do this is to use the PDCA production rates or PEP software.
Give budgeted hours to painters for each job and hold them accountable.
Track hours for employees by job and pay bonuses when painters BEAT the budget.
Download the Painter Performance Pay spreadsheet to use in your painting business.