Latest / Smart Agency Masterclass with Jason Swenk: Podcast for Digital Marketing Agencies
Sharing Agency Finances with Key Employees | #AskSwenk | Ep #149
Figuring out the right level of transparency to have with employees about agency finances. How much should they know in order to motivate them and how much is too much?
Transparency of Agency Finances With Your Team
Jack asked:
{1:35} "I like the idea of bonuses based on profitability. How much info should I share with my team? Do they need to know everyone else's salary/wages so they can monitor project budgets, costs, profits, etc.?"
The short answer is you shouldn't share everyone's salaries as they don't need to know this information. A great way to create a process for bonuses leading by…
The skinny
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