How I Pay My Employees For My 7 Figure Businesses…

How I Pay My Employees For My 7 Figure Businesses...
Coaching



Click the link below to catch the full video!
https://youtu.be/Q6S0p95Z-W0

_____________________________________________________

Download my book, RAISE+ Planner, real estate contracts, and newsletter for FREE. Also check out all my courses and programs. https://ryanpineda.com

Go Subscribe to my main channel “Ryan Pineda”. https://www.youtube.com/c/ryanpineda

Text Me: 1-702-297-6328
I communicate directly with you! Exclusive content and giveaways.

Join one of my coaching proframs! Apply at https://futureflipper.com

Want to get the best off market real estate deals? Use BatchLeads for your marketing!
Promo Code: HOMERUN for half off your first month. https://bit.ly/2E3LbtY

Need Tax and Accounting help? Contact my CPA Firm! https://TrueBooksCPA.com/

Are you a Realtor in Las Vegas, NV? Join my Brokerage! https://ForeverHomeLV.com/

Follow me on Social Media:
https://www.instagram.com/ryanpinedashow
https://www.tiktok.com/@ryanpineda
______________________________________________________

When it comes to paying your employees, there are four main ways to pay people. You can pay hourly, salary, commission, or bonus.

As far as deciding which one of these payment methods you are going to implement, you have to look at the requirements for that position and see which one fits best! If you’re employing a janitor, there isn’t much of a way for them to generate revenue for the company, so commission doesn’t make sense; you probably don’t need them outside of their shift hours, so salary doesn’t make sense, hourly would be the most logical method for a janitor.

On the other hand, I pay most of my employees on salary because they understand that I may need them outside of their work hours at the office. Because of that, it is only fair if I pay them salary.

With my sales team, it wouldn’t make sense to pay them hourly or salary because then they’re not incentivized to sell more! When you’re running a business, you need to decide what payment methods works best for each desired role. As a bonus tip, I encourage you to give your employees bonuses, or any sort of compensation that encourages them to go above and beyond their daily tasks. In this episode, I talk about why I recommend using that strategy.

source

Articles You May Like

Career Happy Hour with Andrew Beach Executive Coach
Terri’s Real Estate Minute -September 13, 2021. Buyers sees the frenzy ease!
How to Get Real Estate Leads for FREE Using Social Media
Colorado Springs Real Estate Market 9/21/2021| Buying and Selling in Colorado Springs
Commercial Real Estate: Mixed Use Properties

10 Comments

  1. Honestly, yeah, when I see commission it kind of scares me because what if nothing sells. But I’m going to try it!! I’m done with M – F 9 – 5!! I need to do this already!!

  2. It also allows individuals to show their true potential on what they can do instead of just doing things safely and or the bare minimum in my opinion at-least when working on salary.

Leave a Reply

Your email address will not be published. Required fields are marked *