How to Pay Your Employees

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For detailed notes and links to resources mentioned in this video, visit http://www.patrickbetdavid.com/how-to... • Visit the official Valuetainment Store for gear: https://www.valuetainmentstore.com/ • The way you pay your employees will determine how much of your talent you retain and how much you increase loyalty in your company. • In this video I’ll cover different ways to pay your employees and I’ll also talk about different strategies you can use including hourly pay, salary, profit and bonuses, and equity. • Different Types of Employees: • • Hourly Employees - 1:03 • Salary - 2:51 • Profits/Bonuses - 3:55 • Equity - 5:18 • Sales - 6:23 • Comp Plan - 8:13 • • Strategies for Knowing How to Pay Your Employees • • #1: Know What You Can Afford - 19:14 • #2: Always Keep a Look Out for Free Agents - 20:54 • #3: Know the Market for the Position You’re Hiring For - 21:39 • #4: Learn How to Customize Pay, Depending on Talent - 23:09 • #5: Set Up a Comp Plan in a Way to Incentivize Loyalty and Longevity - 24:40 • • Subscribe to the channel: http://www.youtube.com/valuetainment?... • Valuetainment- The best channel for new, startup and established entrepreneurs. • Schedule: New episodes every Tuesday and Thursday on a broad array of entrepreneurial topics. • For detailed notes and links to resources mentioned in this video, visit http://www.patrickbetdavid.com/how-to...

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