Whiteboard Wednesdays: How to Increase Profitability (Part 2)
Welcome to “Whiteboard Wednesdays,” our fast and informative video series where we take complex ideas and make them simple!
In this episode, commonsku’s CEO, Catherine Graham, shares part two in our series, "How to Increase Profitability." This week, Catherine discusses the compensation model of base-plus-commission and the key elements to factor into your salary costs such as the margins and goals to strive toward to achieve success:
For more compensation ideas, check out our posts, How to Design a Compensation Plan That Works and Commission Models and Profitability: Why the 50/50 Split Needs an Overhaul.
commonsku is cloud-based promotional products software to modernize your business. We give you the best tools to run your business from presentation through to invoicing and everything in between. To learn more or try it for free, visit commonsku.com.