Book of the month: Profit Works

“The primary purpose of an incentive plan is to positively shape employee behaviour toward improving the company’s financial performance.”

Profit Works is a must read for anyone wanting to create an incentive plan that gets results. Alex Freytag and Tom Bouwer are huge proponents of Traction (the book we base our coaching program on), and you’ll notice how their ideas and advice works together with the EOS system. 

Throughout the book Alex and Tom will walk you through the why, how and what in order to create an effective incentive program for your company. There are clear do’s and don'ts in this process and this book breaks them down and provides straightforward instruction for the “do’s”. 

3 things stood out to me as I read this book:

1. Incentive plans will not make up for bad management. 
2. This is not an overnight process. As mentioned in the book, it takes time and intention to teach your employees how they, as individuals, impact the incentive plan and to provide tools for them to actively contribute.
3. Keep it simple! Having a complicated plan will confuse people into lack of motivation and action.