craft brewery financial training

Brewery Bonus Plan Best Practices

In this post I’ll share a video with Bonus Plan Best Practices that you can use in your brewery.

This video is one in a series that is included with the Brewery Open Book Management Course.

Bonus plans work best when there is transparency, communication of information, and continuous education on how the bonus plan works.

Bonus Plan Best Practices:

  • Communicate the plan details.
    • Answer two basic questions: What are the goals? How do we get paid?
  • Show the score (how we’re doing against the goal).
    • Regular updates and transparency about actual results.
  • Continuous review of how each person can influence the score
    • How everyone can make a difference, how actions and decisions are tied to outcomes

Watch the Video: Brewery Bonus Plan Best Practices