I kind of agree with Scott. When I used to be a rep, I hated it when a percentage was capped — I produced more but made less of it. Also, in our business, with high fixed costs and low marginal costs, you’re making more on last dollar, so there really isn’t a reason to cap. Barbara Sprenger
bspren...@thesatelliteinc.com www.thesatelliteinc.com 831-222-2101 > On Mar 24, 2017, at 7:27 AM, Scott Tillitt / BEAHIVE <sc...@beahivebzzz.com> > wrote: > > 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 <bspr...@thesatelliteinc.com > <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 >> >> >> >> >> bspren...@thesatelliteinc.com <javascript:> >> www.thesatelliteinc.com <http://www.thesatelliteinc.com/> >> 831-222-2101 <> >>> On Mar 23, 2017, at 4:03 PM, ir...@iriskavanagh.com <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 <bspr...@thesatelliteinc.com >>> <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 <http://coworkingwithiris.com/> >>>> TWITTER: <https://twitter.com/iriskavanagh>@iriskavanagh >>>> <https://twitter.com/iriskavanagh> >>>> LinkedIn: http://www.linkedin.com/in/slickiris >>>> <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 >>>> <https://groups.google.com/d/topic/coworking/Bmo7wcOca2c/unsubscribe>. >>>> To unsubscribe from this group and all its topics, send an email to >>>> coworking+...@googlegroups.com <javascript:>. >>>> For more options, visit https://groups.google.com/d/optout >>>> <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 >>> <https://groups.google.com/d/topic/coworking/Bmo7wcOca2c/unsubscribe>. >>> To unsubscribe from this group and all its topics, send an email to >>> coworking+...@googlegroups.com <javascript:>. >>> For more options, visit https://groups.google.com/d/optout >>> <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 the Google Groups >> "Coworking" group. >> To unsubscribe from this group and stop receiving emails from it, send an >> email to coworking+...@googlegroups.com <javascript:>. >> For more options, visit https://groups.google.com/d/optout >> <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 > <https://groups.google.com/d/topic/coworking/Bmo7wcOca2c/unsubscribe>. > To unsubscribe from this group and all its topics, send an email to > coworking+unsubscr...@googlegroups.com > <mailto:coworking+unsubscr...@googlegroups.com>. > For more options, visit https://groups.google.com/d/optout > <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. 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