P4P (Pay for Performance): Why Hourly Is a Failing Formula
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Narrated by:
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Mike Andes
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By:
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Mike Andes
About this listen
It has never been harder to find good employees. Government handouts and programs, publicly traded behemoths with an insatiable appetite for front-line staff, and a burgeoning gig-economy has made hiring extremely hard for small business owners. The golden question is how do we attract good talent and then retain them long-term? How do I determine rates of compensation for my highest performers that are always demanding raises? How do I scale my business without having to constantly micro-manage my Team when they are in the field working?
The answer is Pay-For-Performance (P4P).
I know the frustration of growing a home service business and trying to motivate your workforce while balancing the budget with rising costs of doing business. P4P allowed me to grow my lawn care business past seven-figures in annual revenue and now we have dozens of locations around North America. In a sentence, P4P pays employees a percentage of the labor revenue they earn for the business. It is that simple. The rest of the P4P system ensures that quality standards are upheld and that employees don’t speed through work or damage customer property. If you are tired of babysitting employees, tired of offering low-paying, dead-end jobs, tired of seeing employees waste time, money, and their own potential, I encourage you to diligently implement P4P and see it transform your business.
What's Inside:
This manual is your key to success, and the future to the labor industry as we know it. Inside you'll find the tools need to implement P4P successfully in your business. From bringing up the idea to pushing it beyond a simple pay structure, P4P Why Hourly Is A Failing Formula will revolutionize how you do business.
- Why Pay per Hour Is a Broken System
- The Cultural and Financial Issues Caused by Paying Employees on an Hourly Basis
- How to Tell Your Team: Step-by-Step Implementation of P4P
- Opening the Books and Showing Your Team the Business Numbers
- How to Use Profit Sharing to Motivate Your Team
- How to Calculate P4P in Under One Minute Per Day: Complete Payroll Breakdown Examples
- Educational Guide
- Reference Material
PLEASE NOTE: When you purchase this title, the accompanying PDF will be available in your Audible Library along with the audio.
©2021 Mike Andes (P)2021 Mike AndesListeners also enjoyed...
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Big new ideas rarely make great businesses. Laboring on a business plan can be a waste of time. You are going to need dramatically more start-up money than you think you do. Counterintuitive concepts like these have helped the world's best entrepreneurs succeed. Yet most of us only learn them the hard way. Len Green, an experienced investor, entrepreneur, and business professor, shares inside secrets and proven tactics for launching a business.
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Need a narrator who is not phlegmy
- By Leo on 01-19-18
By: Leonard C. Green, and others
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Company of One
- Why Staying Small Is the Next Big Thing for Business
- By: Paul Jarvis
- Narrated by: Paul Jarvis
- Length: 7 hrs and 32 mins
- Unabridged
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Paul Jarvis left the corporate world when he realized that working in a high-pressure, high profile world was not his idea of success. In Company of One, Jarvis explains how you can find the right pathway to do the same, including planning how to set up your shop, determining your desired revenues, dealing with unexpected crises, keeping your key clients happy, and of course, doing all of this on your own. Company of One is a refreshingly new approach centered on staying small and avoiding growth, for any size business.
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Starts out strong...
- By Oliver Nielsen on 05-02-20
By: Paul Jarvis
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What the Heck is EOS?
- A Complete Guide for Employees in Companies Running on EOS
- By: Gino Wickman, Tom Bouwer
- Narrated by: Corey Snow
- Length: 2 hrs and 16 mins
- Unabridged
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Has your company struggled to roll EOS out to all levels of your organization? Do your employees understand why EOS is important or even what it is? What the Heck is EOS? is for the millions of employees in companies running their businesses on EOS (Entrepreneurial Operating System). An easy and fast listen, this book answers the questions many employees have about EOS and their company.
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Get Ready for a WBOA
- By El Barto on 03-26-21
By: Gino Wickman, and others
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Nothing to Lose, Everything to Gain
- How I Went from Gang Member to Multimillionaire Entrepreneur
- By: Ryan Blair, Don Yaeger
- Narrated by: Johnny Heller
- Length: 6 hrs and 59 mins
- Unabridged
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Ryan Blair knows about building a business from the ground up. Like many entrepreneurs he had no formal business education. But he had great survival instincts, tenacity, and, above all, a "nothing to lose" mindset.Blair's middle-class childhood came to an abrupt end when his abusive father succumbed to drug addiction and abandoned the family. Blair and his mother moved to a bad neighborhood, and soon he was in and out of juvenile detention, joining a gang just to survive. Then his mother fell in love with a successful entrepreneur who took Ryan under his wing.
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I wouldn't read it again
- By Blahhhhhh on 01-07-13
By: Ryan Blair, and others
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Who
- The A Method for Hiring
- By: Geoff Smart, Randy Street
- Narrated by: Patrick Lawlor
- Length: 4 hrs and 47 mins
- Unabridged
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Geoff Smart and Randy Street offer a simple, four-step method for hiring with confidence, designed for everyone from the CEO on down. Who shows you how to avoid the most common pitfalls of hiring, how to identify "A Players" - people who can perform their job better than 90 percent of the candidates in their field - and how to make sure the best candidate will be excited to join your organization.
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Great book but need PDF of Scorecard material
- By Nancy Walsh on 10-17-12
By: Geoff Smart, and others
What listeners say about P4P (Pay for Performance): Why Hourly Is a Failing Formula
Average customer ratingsReviews - Please select the tabs below to change the source of reviews.
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- Anonymous User
- 01-18-22
Love this topic and book
Mike really jumps into this topic and spreads awesome knowledge. I’ve been wanting to add the system into my business for quite some time and I am finally able to do it
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- Anonymous User
- 01-27-22
A Must Read!
For the entrepreneur who understands the true value of a good employee this will blow your mind. Mike does a phenomenal job in explaining P4P. This method of compensating employees will definitely make an impact on your bottom line as well as on the lives of your team.
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- Paul
- 01-16-22
Landscape Summit 2022 Drive Home
Once I started listening I couldn't turn it off, thank you to you and crew.
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- Marcus
- 01-21-23
Mike is Jesus
This book is like Jesus preaching to his disciples. Or the Gettysburg Address. Just what this industry needed to hear right now.
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- Kevin Koehn
- 01-18-22
Great Read
Highly recommend this book to any business owner. It will change your life as a owner.
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- BrianTX
- 02-14-22
Brilliant!
Great information presented with energy and passion. I hope this spreads to more industries, and I can't wait to use it in my business. Thank you!
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- Amazon Customer
- 01-23-23
Really fleshed out well with great ideas
I have used systems of p4p before, but just didn’t have it as fully thought out as Mike does. Making the changes now and looking forward to the results.
Must read book!
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- GP
- 01-30-22
good listening
very nice listen to a different approach on building a business that everyone buys into. like mike said in this book it's not easy to start p4p but once it's going it can definitely have very positive results.
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- Anonymous User
- 01-22-22
Book effectively lays out the P4P system
It was nice reading a book that describes in detail the P4P system of pay and profit-sharing. I’ve recently started implementing Mike’s pay for performance system in my business and it’s a game changer.
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- Anonymous User
- 12-30-21
Very helpful info
Not surprised by Mike’s new book. He continues to provide valuable information. This time not just landscapers, but the world will benefit from this book. It has changed my company!
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