Everyone Hates Your Bonus Program – Here’s How to Fix It!
May 19, 2022 - 12:00 PM (CT) - Hutton Construction 111 N Sycamore St., Wichita, KS 67203
Hosted by Greater Wichita, KS
About this Event
Each year most firms spend 2-10%+ of net revenue on bonus programs yet industry studies show that most employees believe their employer’s bonus program needs improvement. Using your best judgment to determine your employee’s annual bonus will never generate a significant ROI! Join us to learn how to really put your bonus dollars to work. You will hear how one firm focused on five critical elements to drive the ROI of their program and increased their firm’s profitability by over 100% in less than two years! During this session, you will be provided with resources to benchmark your firm’s bonus program against industry leaders and learn what you can do immediately to improve your results. The best firms have learned that a bonus program is not just a magical spreadsheet but a multifaceted and continuous approach that ensures your firm thrives regardless of outside forces.
Ryan Jolley, PE
Ryan is an owner and Chief Strategy Officer of Jones & DeMille Engineering. In this role, he spearheads strategic projects to improve client and employee experience and firm performance. In 2017, this included the development of a performance-based bonus program that helped the organization thrive by rewarding individual performance and their impact on profitability. Based on the platform’s success in motivating its team members, increasing employee engagement, recruitment and retention, and improving company profitability, the solution was spun out of the firm into a new company. Ryan is now leading a dual life serving as a co-founder and CEO of ourlinQ®.
Chandra co-founded Visible Value in 2003 and is CEO & Chief Value Creation Officer. She fosters sustainable value creation strategies that allow organizations around the globe to capitalize on pivotal opportunities during growth, transition, and transformation. Chandra’s clients become innovative leaders, achieve their vision, and consistently out-perform their competition. She helped one of these clients, Jones & DeMille Engineering, develop their performance-based bonus program and then spin it out into a new company. Now Chandra also serves as a co-founder and Chief Strategy Officer of ourlinQ®.