Mike AndesFounder, Augusta Lawn Care and Homeworks · Founder of Homeworks and Augusta Lawn Care

How to pay overseas employees

4 Apr 2024 · 0 min

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Short excerpt from a YouTube video by Mike Andes ("How to pay overseas employees") describing a compensation approach for Latin America: employees receive a fixed yearly salary of $12,000 (claimed as well above local norm) plus performance-related bonuses paid each pay period. Bonus payouts reward top-performing reps with amounts ranging from $1,000 down to $500 across ranked placements (sequence reported as 1,000; 900; 800; 700; 605; 500).

Questions this video answers

$12,000 per year.

Bonuses range from $1,000 down to $500; amounts reported as: 1,000; 900; 800; 700; 605; 500 (paid per pay period).

How are you paying them? So what we do is we pay everybody a fixed salary. So we give them a yearly salary of $12,000. For Latin America, that's well above the norm. And then from there we do RP for P. We give bonuses from every pay period. The top rep gets an additional bonus. It goes from 1,000 all the way down to 500 based on placement that they have. So it was, 900, 800, 700, 605 and down to 500.