Molly McGrath, founder of Hiring & Empowering Solutions Podcast, talks about the 3 different types of incentive-based compensation/bonus plans for law firm employees, and why they DO work.
What you’ll learn in this episode:
- What the 3 tried, tested & proven law firm compensation plans are and why they work
- How to make sure the law firm profit is first and foremost before any payout of bonus occurs
- The SMR’s of an incentive-based bonus system
- How to enroll your team, keep them on track every single week and when to pull the plug on a power project if the profit is not there