Alex, why the cap? Doesn't that also max out the incentive to outperform? scott.
On Thursday, March 23, 2017 at 8:10:06 PM UTC-4, Alex Hillman wrote: > > 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] <javascript:>>, 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] <javascript:> > www.thesatelliteinc.com > 831-222-2101 > > On Mar 23, 2017, at 4:03 PM, [email protected] <javascript:> 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] > <javascript:>> 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 >> VISIT : 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 > --- > 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] <javascript:>. > 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 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] <javascript:>. > 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] <javascript:>. > 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.
