So what’s the secret on The Deadliest Catch? How do they get their team members to do the impossible? The answer: Performance. When you expect above average effort, and want your team members to go above and beyond for you – pay them on performance.
(PRWEB) June 20, 2013
In his blog featuring marketing and mindset advice for small businesses and entrepreneurs, Predictable Profits CEO Charles Gaudet recently published an article showing the real power of paying employees based on performance – especially when they are expected to go above and beyond.
Gaudet uses the crew on the television show The Deadliest Catch as an example, saying, “…At the end of 2 weeks, one boat earned an astounding $42,000 per deck hand! Not bad for just 14 days of work… So what’s the secret on The Deadliest Catch? How do they get their team members to do the impossible? The answer: Performance. When you expect above average effort, and want your team members to go above and beyond for you – pay them on performance.”
Gaudet understands that compensation based solely on performance can be a tremendous motivating factor for employees with a vested interest in the company they are working for, and embodies this stance with his own private clients. He says, “The way I work with my private clients is that I get paid a handsome percentage of the upside profits I bring to them – if I don’t make them any money, I don’t get paid.”
When applied to team scenarios, this same model of performance-based compensation is even more powerful, Gaudet finds, because the members of the team will join forces to boost everyone’s overall performance, ultimately guaranteeing higher compensation for each member.
The Predictable Profits blog regularly features expert advice, marketing strategies, success stories, and growth opportunities geared toward small business owners and entrepreneurs.
ABOUT CHARLES GAUDET:
Charles Gaudet is widely recognized as a leading small business expert for entrepreneurs who aren’t willing to settle for mediocre profits, and want to out-think, out-market, and out-earn their competition. His business advice has been featured on Inc., Fox Business, Forbes, and many other media channels. On his website, PredictableProfits.com, he’s endorsed by a range of clients, reporting that Charlie’s been the driving force behind marketing strategies earning as much as 6-figures in as little as just 24 hours, and anywhere from 30% to over 100% growth in under a year. He is the founder of Predictable Profits and the Publisher of The Predictable Profits Insiders Club. Follow Gaudet on Twitter at http://www.Twitter.com/CharlesGaudet.
ABOUT PREDICTABLE PROFITS:
Predictable Profits is a leading small business marketing company, specializing in finding overlooked marketing opportunities commonly found in most small-to-medium sized businesses for generating quick, dependable, and predictable profits without having to spend any more money in advertising.
For more information on how to grow your business, visit http://www.PredictableProfits.com and take the FREE Profit Profile Business Assessment to receive an instant snapshot of the opportunities and strengths existing in your business today!