One of the exciting growth points we reach with GU clients is when they hit a revenue mark whereby they need to start hiring a team.
Whether it’s an assistant, another coach, sales person, etc, growing your revenue to the point of being able to add a team member is exciting!
But it also has challenges. One big question we get is “how much do I pay them?”
Determining salary can be pretty tricky.
Where should I pay them in comparison to other companies? How much of the pay should be base salary vs variable (incentive) pay? How often should I re-evaluate my employees’ pay structure.
I’ve outlined exactly what we do at Growth Tools in today’s podcast episode.