The age old question for entrepreneurs with growing teams: when does is stop being smart to pay by the hour? When is a salary the right move?

Depending on the employee, how you pay them can make all the difference in both their productivity and your return on investment. And while one option definitely (usually) costs more than the other, what you get back for that money is just as variable.

We had to learn this ourselves, with our own businesses depending on a remote team of dozens.

Our mixture of full-time employees, part-timers, and freelancers requires a careful balance of pay-affecting factors. With pros and cons to both approaches, weighing the cost of employee pay with the value of employee work can be tricky business — especially when the pay structure has a serious impact on the quality of their work.

Today, we discuss how to decide which way you’ll pay a given employee, how to set expectations, and how to ensure you’ll both get what you need from each other in a mutually beneficial arrangement. Click Play!

SUBSCRIBE ON ITUNES

Stitcher | SoundCloud | Podcast Feed How To Subscribe

Give us a Rating & Review

Today's Sponsors

Podia

Easily sell Online Courses, Memberships, and Digital Downloads to your audience. With more than 10,000 creators on the platform, Podia is the easiest way to earn a living teaching what you know. Create a beautiful storefront in minutes and start selling your digital products. No technical knowledge needed, and no third-party plugins required. Check oupodia.com/mba now!

Digital Ocean

Digital Ocean offers the most developer-friendly cloud-based hosting, optimized to make managing your infrastructure easy. Deploy, manage, and scale applications with intuitive controls and an API designed just for developers. Join companies like Docker, GitLab, and Slack to get the services you need to grow. For a free $100 credit towards your first project, head to do.co/mba

Show Links

WebinarNinja