Performance pay
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Course description
The pay structure you implement can help or hurt your business. In this lesson, you’ll learn about two employee payment models, hourly and commission pay, and how developing a hybrid model can incentivize employee speed, quality, and efficiency.
KEY TAKEAWAYS
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Hourly wages can produce slower work, while commission wages can reduce quality.
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Implementing a hybrid pay model offers incentivization to motivate workers while controlling quality standards. This blends quality with efficiency.
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Incentivizing employees helps align them with a business’s goals. The more you incentivize them with your company’s best interests, the more your company wins.
Resources
Performance Bonus Calculator
🔒 Step 6 - Build a team > Performance pay
Performance pay Transcript
🔒 Step 6 - Build a team > Performance pay