5 Key Takeaways

• 1

  Choosing the right pay structure is crucial for a mutually beneficial employment agreement with an associate.

• 2

  Three main pay structures include fixed salary, commission-based, and a combination of both.

• 3

  Fixed salary offers predictable payroll but may lack incentives for associates to grow practice revenue.

• 4

  Commission-based pay incentivizes associates to increase revenue but can lead to unpredictable earnings.

• 5

  A hybrid structure provides financial security and incentives, balancing predictable payroll with growth potential.