Hell yes to simple profit shares :) For another perspective, I've been on the receiving end of profit shares, in a few models. The best ones where upsides were mutual and clear were simple capped %'s, aka 5% up to a certain max.
It kept the math simple, expectations simple, and the best case scenario is mutual: I'm maxing out the profit share and now we know that a) I can perform and b) everybody wins when I do. Yay! On Mar 23, 2017, 7:18 PM -0400, Barbara Sprenger <[email protected]>, wrote: > Yes, we just kept it simple. At the higher end, it’s really significant; at > the lower end, you see where it can go! > Barbara Sprenger > > > [email protected] (mailto:[email protected]) > www.thesatelliteinc.com (http://www.thesatelliteinc.com) > 831-222-2101 (tel:831-222-2101) > > > > On Mar 23, 2017, at 4:03 PM, [email protected] > > (mailto:[email protected]) wrote: > > Thanks, Barbara! After sleeping on what I posted yesterday, we decided it > > isn't right and are now moving toward a tiered profit share. I'll post the > > formula once we land on it. > > > > Warmly, > > > > Iris > > > > Iris Kavanagh > > Work Happier > > Coworking. Collaboration. Community. > > > > Sent from my iPhone > > > > On Mar 23, 2017, at 2:50 PM, Barbara Sprenger > > <[email protected] (mailto:[email protected])> > > wrote: > > > > > Hi all, > > > We really like using bonuses. Our center managers get 5% of profit each > > > month. It's a good way to incentivize -- it says you're sharing in what > > > the center produces, your input is valued, it's not just for generating a > > > sale, it includes running an efficient center and keeping people. We > > > started with this and haven't found a reason to change! > > > > > > Barbara > > > > > > On Tuesday, March 21, 2017 at 3:51:26 PM UTC-7, Iris Kavanagh wrote: > > > > Hi- > > > > > > > > *I posted this on the Coworking Leadership Slack team so if you are > > > > there, I apologize for the redundant post. > > > > > > > > I'm exploring commission and bonus structure for a couple of clients > > > > right now. I have traditionally shied away from using commission for > > > > community based coworking spaces because I was concerned about the > > > > impetus to sell rather than the impetus to create community. > > > > > > > > At this time, I'm exploring this option for two clients who, for > > > > various reasons, would not be at risk of those concerns. > > > > > > > > Does anyone have experience with using commission as part of the > > > > compensation package? > > > > How have they worked for you? > > > > How did you structure your commissions? > > > > Was it based on percentage of revenue or percentage of salary? > > > > What tiers do you work within? > > > > > > > > Thanks in advance for you thoughts! > > > > > > > > Warmly, > > > > > > > > Iris > > > > > > > > __ > > > > > > > > Iris Kavanagh > > > > > > > > MOBILE 831.824.4255 (tel:831.824.4255) > > > > VISIT : coworkingwithiris.com (http://coworkingwithiris.com/) > > > > TWITTER: (https://twitter.com/iriskavanagh)@iriskavanagh > > > > (https://twitter.com/iriskavanagh) > > > > LinkedIn: http://www.linkedin.com/in/slickiris > > > > > > > > > > > > > > > > > > > > Schedule time with me here > > > > (http://iriskavanagh.schedulista.com/?preview_from=https://www.schedulista.com/settings/services?selected_category_id=1073756626) > > > > > > -- > > > Visit this forum on the web at http://discuss.coworking.com > > > (http://discuss.coworking.com/) > > > --- > > > You received this message because you are subscribed to a topic in the > > > Google Groups "Coworking" group. > > > To unsubscribe from this topic, visit > > > https://groups.google.com/d/topic/coworking/Bmo7wcOca2c/unsubscribe. > > > To unsubscribe from this group and all its topics, send an email to > > > [email protected] > > > (mailto:[email protected]). > > > For more options, visit https://groups.google.com/d/optout. > > > > -- > > Visit this forum on the web at http://discuss.coworking.com > > (http://discuss.coworking.com/) > > --- > > You received this message because you are subscribed to a topic in the > > Google Groups "Coworking" group. > > To unsubscribe from this topic, visit > > https://groups.google.com/d/topic/coworking/Bmo7wcOca2c/unsubscribe. > > To unsubscribe from this group and all its topics, send an email to > > [email protected] > > (mailto:[email protected]). > > For more options, visit https://groups.google.com/d/optout. > > > > > -- > Visit this forum on the web at http://discuss.coworking.com > --- > You received this message because you are subscribed to the Google Groups > "Coworking" group. > To unsubscribe from this group and stop receiving emails from it, send an > email to [email protected] > (mailto:[email protected]). > For more options, visit https://groups.google.com/d/optout. -- Visit this forum on the web at http://discuss.coworking.com --- You received this message because you are subscribed to the Google Groups "Coworking" group. To unsubscribe from this group and stop receiving emails from it, send an email to [email protected]. For more options, visit https://groups.google.com/d/optout.
