The Easiest Way to Hire and Decide on a Pay Structure | How Much Should You Pay Your Employees

This makes sense and more employers should do this. I was a DoD contractor for years and wanted to get off of the road. I interviewed for positions in my home town. There is nothing quite like a perspective employer that has less experience than you telling you you're a tech 2 after you've been working for the government as a senior field engineer. I work for him now, reluctantly. It pays the bills. The unfortunate thing is I can't ask for his direction on anything because he has no idea what he is talking about. I should just go out on my own, but there is an illusion of security working for an established firm.

incredible video

Very good video. Thank you.

This is a gross oversimplification of how to determine how much to pay for a position. This doesn't account for two main factors - years of service and intangibles. I know of a situation where someone worked many years in a low paying yet highly visible position - When they left, the business suffered a significant losses because many people were so unhappy with the changes after the departure, they took their business elsewhere. People aren't interchangeable parts and finding opportunities to pay them the least amount of compensation is ultimately short-sighted - Focus on developing a high performing team. That will create the greatest likelihood of generating in a tight-knit, highly motivated, and more productive team, all of which leads to additional opportunities to grow an organization based on trust and mutual respect.

We have drivers as independent contractors and we are debating switching to have employees instead. I love this video; it helps me understand what to do right if I switch. However, I was just thinking...do you think you can do this kind of structure with contractors? Or does that blur the lines to much between contractors vs employees?

Very helpful. Thanks

This is excellent

I have a problem with this paygrade idea.
Everyone usually tends to want the higher paygrade, but nobody really keeps in mind the quality of life.
I work in a factory that is understaffed, when I signed up there was optional overtime, but now it's mandatory.
With the option of volunteering to work.
Even then you are working 12 hour days regardless.
I don't want a $1 raise to worry about more things.
But they insist that I do. I'm happy where I'm at,
How does this effect the business?
And does this make me a reliable employee.

I love this video! Great information!

💕 I’m looking to add on some additional staff soon as some of our team have left for college. Thank you