Most law firms use a bonus system to motivate and retain good attorneys. While law firms choose different behaviors to reward and different methods to determine bonuses, what is the most effective bonus model for law firms to use? And how can your firm best utilize bonuses to stimulate lawyer productivity and workplace happiness?
In this short video (11:06), PerformLaw’s Management Consultant, Samarie Gasper focuses on qualitative or subjective bonus models. A subjective bonus model rewards attorneys for their efforts in a comprehensive way, fostering productivity and a positive employee experience.
Samarie also introduces a Subjective Bonus Model Calculator Template and outlines how your firm can utilize it to start using it today.
Read additional articles on developing a better compensation and bonus system at your firm:
|Why is your law firm's compensation system losing effectiveness?|
Contact Performlaw to get the help you need to build a bonus model and a complete system that will bring out the best in your team while helping you reach your strategic goals.