Making bonus systems work for the team and the practice
As the economy begins to recover, more dentists will want to think about bonus systems. The right bonus system can help you take your practice to the next level, because it has the potential to motivate staff and increase practice production.
Make certain the bonus is based on collections, not production. Bonuses based on production are problematic, because you cannot spend what you have not collected. Also, a bonus should be a team bonus. For the practice to meet its goals, everyone on the team must contribute.
Don't make it difficult to understand the goals that trigger the bonus system. Confusion doesn't inspire team members. Also, don't keep the bonus status a secret. Make sure all team members can easily track the progress toward the goal. This adds excitement and motivation to get there.
