The Veterinary Survival Show
We know that running a veterinary business can sometimes feel like you're fighting your way through a jungle of financial insecurity, HR nightmares, and overall business confusion. Our goal is to give you the ideas and tools you need to not just survive in this jungle but to thrive in the veterinary industry. By combining over 50 years of knowledge and experience with differing opinions and a little humor, we will help you get the information you need to make the best decisions for you and your veterinary business. Welcome to The Veterinary Survival Show with veterinary CPA and Certified Financial Planner Mark McGaunn and Certified Veterinary Practice Manager and practice owner Jenni George.
The Veterinary Survival Show
Bonus Structures
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Episode 14
In our last episode, we talked about the importance of paying your employees a living or 'survival' wage, but how do we reward those who go above and beyond? If your answer is, give them a cash bonus, you're right-- but that's just the beginning! In this episode, Mark and Jenni discuss a wide variety of bonus options to help motivate your team to work harder and stay with your clinic for years to come. Find out why creative, 'outside the box' bonuses are better than a 'one size fits all' approach, and what you'll want to keep in mind while designing your bonus structures. Whether or not you already have a bonus structure, you're sure to learn something valuable from this episode!