Congratulations on your full book and the decision to hire your first employee!
A sliding scale is nice but throw away that top tier of 70%. 60% should be the max you pay because any higher and you will lose $. Consider a sliding scale for retail sales as another way to boost income for you both. On retail sales do not pay higher than 30% commission or once again you will be either breaking even or losing money after all expenses are figured. Just my thoughts as an ex owner who paid too generously and ended up with nothing saved to weather the tough times. Your Nail Gal, Pam Glendale, AZ Sent from my iPad > On Mar 13, 2014, at 10:05 PM, Maggie in Visalia <onykoph...@yahoo.com> wrote: > > So it looks (gulp) like I've hired an employee. > > HELP!!!! > > What am I doing? > > I was planning on doing this about a year from now, but as it currently > stands I have absolutely zero openings after 5 p.m. FOREVER-- until somebody > quits or dies. I'm turning away business daily and that doesn't include how > many people may be unable to book online that I never even know about. > > It's time. > > I'm kinda, sorta aware of how much an employee will cost me in the way of > payroll taxes, disability, unemployment, worker's comp, etc, etc, and so on. > I'm guestimating about 20% of what I pay the employee. All current research > indicates it should be closer to 15%. ???? > > Our profession seems to fall into the exemption area for paying straight > commission. I'd like to be able to pay her hourly, but that's not going to > happen just yet. So I've been trying to work on a sliding scale commission > structure from 50/50 to 60/40 to 70/30. > > Now. I know there are some of y'all out there who've been down the employee > path... I need information. I need guidance. I need comfort. I need a stiff > drink. > > What am I getting myself into? What am I not paying attention to? What's > going to bite me in the butt later? What am I missing? > > Mostly-- can anyone help me with my commission structure? My goal is to make > this (eventually) more profitable than renting the booth out at the going > rate of $100-$125 a week. Naturally-- that won't happen till my new henchman > is more established. I'm not JUST about the money, I want to groom a good > nail tech who will be a valuable asset to not just my own salon, but our > industry through out her future as a tech. > > But dang! If this isn't just scary as all heck. > > Maggie Franklin: > Owner & Artist, The Art of Nailz, Visalia CA > "Visionary rebel dreamer; obviously way ahead of my time." > Maggie Rants [and Raves]@Nails Magazine > Facebook > > -- > You received this message because you are subscribed to the Google Groups > "NailTech" group. > To unsubscribe from this group and stop receiving emails from it, send an > email to nailtech+unsubscr...@googlegroups.com. > To post to this group, send email to nailtech@googlegroups.com. > Visit this group at http://groups.google.com/group/nailtech. > For more options, visit https://groups.google.com/d/optout. -- You received this message because you are subscribed to the Google Groups "NailTech" group. To unsubscribe from this group and stop receiving emails from it, send an email to nailtech+unsubscr...@googlegroups.com. To post to this group, send email to nailtech@googlegroups.com. Visit this group at http://groups.google.com/group/nailtech. For more options, visit https://groups.google.com/d/optout.
