EP 347: Profitably Paying Your Team
Sep 18, 2023Paying your team – it’s the topic that’s as old as time for every Spa CEO in our community, and as long as you’ve got a vision to grow your aesthetic practice, the topic of team pay is one you’ll return to again and again.
In this episode, I’m diving deeper into the numerical breakdown behind profitably paying your team and answering specific questions from a previous training I did inside the Spa Marketing Made Easy community called, “Commission vs. Hourly - How to Pay Your Team.” (Link to this video in the full show notes.)
Whether you’re currently a solo aesthetician with dreams to one day have other providers in your practice, or you’re currently trying to find a team pay structure that benefits your team and your business in the long-term, you won’t want to miss this episode.
In this episode, we discuss:
- The variety of reasons why salary-based pay isn’t the way to go for spa owners
- The Profit First approach to your money breakdown and how to ensure you’re adjusting the numbers to fit your needs
- The big benefits of hourly pay and how to properly communicate and present your compensation package properly to your employees
- The benchmark for your providers that allows you to know whether you’re profitably paying your team
References Mentioned in Episode #347: Profitably Paying Your Team
- Watch my original training, “Commission vs. Hourly - How to Pay Your Team” inside the Spa Marketing Made Easy Facebook group
- Learn more about the Profit First method and becoming a profitable shareholder of your business by listening to our episode with “Profit First” author, Mike Michalowicz (Ep. 225)
- Learn more about the Growth Factor Framework program for Spa CEOs here
To keep the conversation going, ask questions, and connect with other like-minded aestheticians building thriving careers, click here to join the free Spa Marketing Made Easy Podcast community.
Want to learn more about how Addo Aesthetics can help you? Book a call today.
Episode Transcript
