
Today’s tip is around how you pay people in your business, now I’ve got 5 rules that will make things easy for you when you’re coming out with a pay plan.
The first rule is it must be simple, It’s gotta be simple to understand because if there is any ambiguity this can cause you or your employee or contractor a massive heartache and loss of energy.
Two, you gotta reward the results you want, there’s no point in paying for something that you don’t want. A lot of people obsess about paying an hourly rate but what you’re buying is one hour doesn’t necessarily stipulate a particular result that you’d like to get for that hour. So have a look at other ways you might be able to pay people, maybe you can pay per project that way they can complete the project in whatever time they liked but you get a specific result so always reward what you want and this is especially if you have sales people.