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#331657 - 03/18/10 07:08 PM How should I pay my assistant?
minna Offline
Member

Registered: 12/04/08
Posts: 299
Loc: USA
I hired an assistant - mostly for admin stuff/short sale processing - she is a licensee looking to get out of sales and wanted some regular part time work.
To start I've just been paying about $15/hour while I train,about 10-15 hrs a week but going forward I dont know how to pay, would it best to keep the hourly and add some bonus type plan - say flat fee at closing, or to raise the hourly to say 18-20?
I anticipatre the hours will increase to about 20+/week
I know she want work forever for $15 and she is very sharp.
I'd prefer to keep hourly same but add a bonus - I think it would encourage commitment to get to close. Whats a fair amount per closing? My average sale is about 200k.

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#331675 - 03/18/10 08:28 PM Re: How should I pay my assistant? [Re: minna]
loveofcreed68 Offline
Member

Registered: 09/30/08
Posts: 161
Loc: IN
$15 an hour is pretty good in my area, Northwest Indiana, for part-time. I would say a flat fee at closing would be a nice bonus. That's just my opinion though, I have no experience with assistants. I think alot depends on where you live.

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#331703 - 03/18/10 11:20 PM Re: How should I pay my assistant? [Re: loveofcreed68]
Maui Offline
Moderator
Veteran Member

Registered: 01/13/10
Posts: 726
Loc: Maui, HI
Minna, I would suggest keeping her hourly at $15 and add a bonus based on the final sales price. If you give her a flat bonus, then that takes the incentive away from trying to close the bigger deals. Start doing some numbers and work out what percentage of your commission would be fair and would motivate her to be diligent/timely. Good luck.
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#331790 - 03/19/10 04:17 PM Re: How should I pay my assistant? [Re: Maui]
R Pugh Offline
Member

Registered: 01/08/10
Posts: 24
Loc: San Diego, CA
I would say 12.00 an hour with bonuses should be pretty good.

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