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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


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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/howto...