Staff Compensation Report
37 Page PDF - Instant Download
This Staff Compensation Report will detail every single fixed and variable component that you need to consider when developing your Staff Compensation "Value Packed Proposal". You'll learn how to design the best mix of tangible and intangible reward systems, including cash and non-cash incentives to please both staff... and your bottom line.
Be wise...you need to get your staff compensation structure right. In order to gain and retain the best contenders out there, you will have to sell your Spa as an Opportunity. You will have to make it ultimately clear to potential candidates that coming to work with you is the best choice possible. You will need to develop an outstanding package of opportunities that will outweigh the competition not only in terms of compensation, but also in your ongoing staff development programming. Your Compensation Package is a key component of what we refer to as your "Value Packed Proposal".
This extensive Report highlights the "Generally Accepted Methods of Payment" in the Spa Industry, providing detailed descriptions of each. We'll show you how to blend a well-balanced mix of fixed and variable pay structures, with monetary and non-monetary incentives and reward systems, to produce a winning formula that gives you a clear and obvious advantage over your competition, without having to over-pay your staff, including:
Industry Overview; 8 Compensation Adjusters
Generally Accepted Methods of Payment: Fixed; Variable; Incentives; Combinations; Non-Monetary Rewards
Descriptions: Wages; Salary; Commission on Services & Retail, including Sliding Scale; Blanket Commission; Receptionist Commission; Fee for Service; Team Based Pay; Bonuses, Incentives & Profit Sharing; Product & Service Allotments; Staff Discounts; Gratuities; Training and Education; Benefit Programs
Projecting Staff Payroll costs; Product Margin Analysis; Service Margin Analysis; Monthly Sales Projections by Department
Non-Cash Compensation Rewards; Changing your Compensation Plan