Re: [Coworking] Re: Question about commissions or bonuses for Community Managers

2017-03-24 Thread Iris Kavanagh 
Barbara- I hear what you are saying about not capping. Are you willing to 
share what the biggest single profit share payout you've been able to give 
has been?

On Friday, March 24, 2017 at 9:33:21 AM UTC-7, Barbara Sprenger wrote:
>
> 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
>
>
>
>  bspr...@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>, 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
>>   www.thesatelliteinc.com
>>   831-222-2101
>>
>> On Mar 23, 2017, at 4:03 PM, ir...@iriskavanagh.com 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> 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:  @iriskavanagh 
>>> 
>>> LinkedIn:  http://www.linkedin.com/in/slickiris
>>>
>>>
>>>
>>>
>>> Schedule time with me here 
>>> 
>>>
>>
>> --
>> Visit this forum on the web at http://discuss.coworking.com
>> ---
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>> Google Groups "Coworking" group.
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>>
>>
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>>
>>
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Re: [Coworking] Re: Question about commissions or bonuses for Community Managers

2017-03-24 Thread Barbara Sprenger 
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  
> 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  >, 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 
>>   www.thesatelliteinc.com 
>>   831-222-2101 <>
>>> On Mar 23, 2017, at 4:03 PM, ir...@iriskavanagh.com  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 >> > 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:  @iriskavanagh 
 
 LinkedIn:  http://www.linkedin.com/in/slickiris 
 
 
 
 
 
 Schedule time with me here 
 
 
 --
 Visit this forum on the web at http://discuss.coworking.com 
 
 ---
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 Google Groups "Coworking" group.
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 .
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 .
>>> 
>>> 
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>>> 
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Re: [Coworking] Re: Question about commissions or bonuses for Community Managers

2017-03-24 Thread Scott Tillitt / BEAHIVE 
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 >, 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 
>   www.thesatelliteinc.com
>   831-222-2101
>
> On Mar 23, 2017, at 4:03 PM, ir...@iriskavanagh.com  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  > 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:  @iriskavanagh 
>> 
>> LinkedIn:  http://www.linkedin.com/in/slickiris
>>
>>
>>
>>
>> Schedule time with me here 
>> 
>>
>
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Re: [Coworking] Re: Question about commissions or bonuses for Community Managers

2017-03-23 Thread Alex Hillman 
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 
, 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 (mailto:bspren...@thesatelliteinc.com)
> www.thesatelliteinc.com (http://www.thesatelliteinc.com)
> 831-222-2101 (tel:831-222-2101)
>
>
> > On Mar 23, 2017, at 4:03 PM, i...@iriskavanagh.com 
> > (mailto:i...@iriskavanagh.com) 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 
> >  
> > 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.
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> > > To unsubscribe from this group and all its topics, send an email to 
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> > > (mailto:coworking+unsubscr...@googlegroups.com).
> > > For more options, visit https://groups.google.com/d/optout.
> >
> > --
> > Visit this forum on the web at http://discuss.coworking.com 
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>
>
>
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Re: [Coworking] Re: Question about commissions or bonuses for Community Managers

2017-03-23 Thread Barbara Sprenger 
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
  www.thesatelliteinc.com
  831-222-2101

> On Mar 23, 2017, at 4:03 PM, i...@iriskavanagh.com 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  > 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:  @iriskavanagh 
>> 
>> LinkedIn:  http://www.linkedin.com/in/slickiris 
>> 
>> 
>> 
>> 
>> 
>> Schedule time with me here 
>> 
>> 
>> -- 
>> 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 
>> coworking+unsubscr...@googlegroups.com 
>> .
>> For more options, visit https://groups.google.com/d/optout 
>> .
> 
> 
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> 
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Re: [Coworking] Re: Question about commissions or bonuses for Community Managers

2017-03-23 Thread iris 
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  
> 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: @iriskavanagh
>> LinkedIn:  http://www.linkedin.com/in/slickiris
>> 
>> Schedule time with me here
>> 
> 
> -- 
> Visit this forum on the web at http://discuss.coworking.com
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