Welcome to the how of business with your host, Henry Lopez, the podcast that helps you start, run, and grow your small business.

And now here is your host.

Welcome to this episode of the how of business.

This is Henry Lopez.

And on this episode, I will explain and share my tips and

insights on creating and using variable compensation plans, which you might use for specific

employees like sales or leadership positions, and you use these variable compensation plans

to motivate and reward exceptional, individual, and team performance. A variable compensation

plan usually includes a base wage component and a variable commission or bonus component as well.

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episode and how you can continue supporting my show

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Please visit the howab business.com.

You will also find the sample variable compensation plan free download on the show notes page

for this episode.

Thanks to all of you for listening to my podcast.

Because of your continued support,

my show now reaches well over 100,000 listeners every month.

I specifically want to thank Justin, Thomas, and David,

who recently joined my one-on-one coaching program,

and Andrew, who just joined my Patreon program. Thank you.

So let's talk about variable compensation plans. What is a variable compensation plan?

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