This High Performance Podcast for Real Estate Agents features Josh Phegan and Alexander Phillips talking about scaling and building a team. Josh begins with remuneration and bonus structures, and Alex offers guidelines to consider when bringing people into the team, with emphasis on clarity and transparency around commission incentives. They discuss different models of compensation and Alex talks about combining performance and numbers, and when to deliver bonuses.
They also discuss rewards and recognition other than remuneration. Josh reminds us that driving specific skills and developing people inside of your team helps your business grow. Be clear around standards and expectations for each level of pay and bonuses.