New Article on Employee Pay

[opwdecks]

Read Mark Smith's new articles on employee pay. Feel free to leave a comment or ask a question:

http://www.thewoodpros.com/ask-the-pro/employee-pay

[plainpainter]

I read the article - interesting, but.... who's going to work for $75/day? And 10% of the gross in those examples translates to a 5.5% of total net profit margin - that's half of my company's net profit!!!! I'd have to work in a 15% net profit margin - still it's an interesting concept. What's the legality of not paying someone to redo their F'ups? I know they get car mechanics to do this - but it must be a special exemption to their trade. Or do you pay guys for their extra hours and just keep tabs on their bonus and use their 'bonus' money to pay for their extra hours?

[RMedbery]

I think the key was "salary paid per job" If they have to go back for whatever reason, the job wasnt complete.

[opwdecks]

I read the article - interesting, but.... who's going to work for $75/day? And 10% of the gross in those examples translates to a 5.5% of total net profit margin - that's half of my company's net profit!!!! I'd have to work in a 15% net profit margin - still it's an interesting concept. What's the legality of not paying someone to redo their F'ups? I know they get car mechanics to do this - but it must be a special exemption to their trade. Or do you pay guys for their extra hours and just keep tabs on their bonus and use their 'bonus' money to pay for their extra hours?

Dan, could you post your questions in the comment section below the article.
http://www.thewoodpros.com/ask-the-pro/employee-pay

That way Mark will respond directly to your questions