I am starting a new business to help provide monitoring services for parents for court appointed visitation of their children. I need to hire someone initially and guarantee him/her 20 hrs a wk @ $10/hr. I would like to set up the hiring agreement to motivate this person to bring in new business and thus ultimately work more than 20hrs, but still enabling me (the business owner to make a profit). Is there a simple "Draw against comission formula" i can use?
depends. We'll bring in $135 for every inital consult and then the hourly case rate will be on a sliding scale. At the minium, we will charge $25/hr. So for an inital case of 2 hrs we would bring in $135 + $50 = $185. Ongoing, it would only be the hourly rate. I would like to figure out a way to incentive my hourly associate to bring in new cases by paying her 1/2 of the $135 initial case rate.
For instance, if she brings in 10 new clients that stay as clients for 6months, she would make 20*10=$200 for each client and then a raise for getting so many clients that stay in a 6month time frame.