Alright - I know this is not part of "Marketing" but I just read an interesting article by Bryan Durocher on Employee Compensation published last December in Skin, Inc. and thought I would share it with you.
I know a number of Cutera customers struggle over how much they should compensate their employees - for promoting their practice, referring friends/family, closing consults to appointments, performing aesthetic procedures such as laser hair removal, skin rejuvenation, etc. There is no one answer as every practice is different.
Some pay commission on top of salary - others use monthly or quarterly profit sharing. I thought this statement was sobering. "If a business owner is paying more than 50% commission or is offering some type of benefits in conjunction with a commission structure greater than 50% they are losing money."
Wow. What are you offering your employees?
Read more if you are interested.
I know a number of Cutera customers struggle over how much they should compensate their employees - for promoting their practice, referring friends/family, closing consults to appointments, performing aesthetic procedures such as laser hair removal, skin rejuvenation, etc. There is no one answer as every practice is different.
Some pay commission on top of salary - others use monthly or quarterly profit sharing. I thought this statement was sobering. "If a business owner is paying more than 50% commission or is offering some type of benefits in conjunction with a commission structure greater than 50% they are losing money."
Wow. What are you offering your employees?
Read more if you are interested.
Powered by Compendium Blogware
Comments for Staff Compensation