8 min listen
445 - Variable Compensation Plans
FromThe How of Business - How to start, run & grow a small business.
445 - Variable Compensation Plans
FromThe How of Business - How to start, run & grow a small business.
ratings:
Length:
31 minutes
Released:
Oct 24, 2022
Format:
Podcast episode
Description
How to create and use Variable Compensation Plans, which include a base wage and a variable performance-based commission or bonus, to motivate and reward employees and help you grow your small business. Get the FREE DOWNLOAD: Sample Variable Compensation Plan, on the show notes pages for this episode on our website. Variable Compensation Plans can be used for specific employees, like Sales or leadership positions, to motivate and reward exceptional individual and team performance. A Variable Compensation Plan includes a base wage component and a variable commission or bonus component as well. Use this type of compensation plan to motivate and reward performance, and to attract and retain the best talent for your small business. Henry Lopez is the host of The How of Business podcast – helping you start, run and grow your small business. The How of Business is a top-rated podcast for small business and entrepreneurs. Find the podcast, resources and trusted service partners for small business owners and entrepreneurs at our website.
Released:
Oct 24, 2022
Format:
Podcast episode
Titles in the series (100)
0: Introduction to "The How of Business" podcast: Henry Lopez and David Begin introduce themselves and The How of Business podcast. Typical episodes will be between 30 and 45 minutes long, and we will release at least one new episode every Monday morning. Our intended audience is anyone w by The How of Business - How to start, run & grow a small business.