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Article: Measuring up: Mazzio's Italian Eatery keeps top-performing managers around by offering bonuses tied to unit performance.(compensation)
- Article from:
- Chain Leader
- Article date:
- May 1, 2007
- Author:
CopyrightCOPYRIGHT 2007 Reed Business Information, Inc. (US). This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Managers at Mazzio's Italian Eatery don't have to rely on their annual 4 percent to 6 percent cost-of-living raise to boost their salaries every year. The Tulsa, Okla.-based fast-casual company gives all salaried managers the opportunity to earn bonuses that far exceed the traditional merit increase if their units meet strategic performance measurements the company sets and increase cash flow.
"We wanted to pay our people more, but we qualified that by saying we don't want to pay all of our people more," explains Senior Vice President of Operations Steve Davis. "We want to pay our top people more."
Bonus Days
Mazzio's bonus program, which ...