Pay Structures
The pay structure you choose isn't just a financial decision: it's the foundation of your salon's success and culture.
By rewarding the right behaviours, your business thrives, your team stays motivated, and employee retention soars.
At Loop HR, we offer 5 innovative pay structures. Some you'll recognise, others are refreshingly different. These pay structures are integral to your total salary package, designed to inform, engage, and reward your team effectively.
What's The Best Pay Structure For My Salon?
Depending on your core focus and desired culture, you might choose to offer a minimum base pay with a range of commission opportunities, where the focus is on the percentage of income your employees earn.
Alternatively, you could offer higher base rates combined with bonuses for achieving key goals, placing the emphasis on rewarding behaviours, not just sales.
Both approaches can be effective but if there's one thing we have learned it is a good idea to have a simple incentive programme. It should align with your business ethos and have a positive impact on your employees' performance.
What Is The Difference Between Commission & Performance Pay?
In this video, we break down the essentials of salon pay and the impact different structures can have on your business. We begin with the basics, then explore five distinct pay structures, highlighting the value each can bring to your business.
We also look at different commission structures and how Loop HR's Performance Pay Structure can align your team's focus with what matters in your salon.
Finally, discover how team-based pay and bonuses can transform your approach to rewards and foster a strong team culture.
Add Greater Value To Your Salary Offer With Salary Packages
Add greater value to your salary offer with a well-considered Salary Package. Connect your pay structure and rewards to career progression and perks of the job - helping attract and retain great talent.
Organise. Engage. Reward.
