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:
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Do Estimates based on budgeted hours/production rates. A good way to do this is to use the PDCA production rates or PEP software.
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Give budgeted hours to painters for each job and hold them accountable.
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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.
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