This content was created by Mike Andes. This content was uploaded by Mike Andes. This is a YouTube video titled "What Pay Structure To Use For Managers For BIG Returns #shorts" created on October 17, 2021, featuring Mike Andes discussing effective pay structures for managers, emphasizing profit sharing to align managerial interests with the company's bottom line.
What is a good pay structure for a manager? In my opinion, it should be a percentage of profit sharing. That's the biggest thing as an owner, having a general manager. The only thing I really care about is that the bottom line is protected. You need someone that cares about the bottom line, and so you want to make sure they're having a big chunk of that profit as the business gets successful. And some people don't like the fact that they're giving away 25, 30%, you know, 35%. They're giving even profit sharing to their employees out in the field. But the bottom line is you need people to be thinking about the profit margin. You need people to think about the bottom line as much. The owner, if you were there every single day.
