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Paying Investing in Staff.
There are a hundreds of compensation models available to business owners – and probably even more for gym owners. Regardless of where you are today, there are two things I want you to remember:
- Don’t compare yourself to anyone else
- Sure, there are gyms that claim to pay their janitor more than you’re making but, chances are, these are exaggerations or 1-off exceptions.
- Opportunity, hope, entrepreneurialism, vision, leadership, giving back to a community, education & development are all just as motivating as cash.
- Be a strong, caring leader first & compensation will follow.
We’ll discuss many options, their pro’s and cons, but each will be framed by the above. Here’s a break-down:
- Swapping for Membership
- Paying Per Class
- Specialty Classes & Personal Training
- Paying for Space
- 4/9ths
- Paying for extra duties
- dubbed “Building Block” Model on-air.
- Per Head Pay
Here’s the deal: Each of these models is only as effective as the leader implementing them. Don’t get overwhelmed by all your options. Your focus is people & helping your employees build their perfect day.
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