Owner Compensation Performance Based -- Part 2.

The article discusses a method for determining owner compensation based on performance, using a sample case of a firm with three owners and $1,500,000 in total revenues. The compensation is divided into management fees, new business production, and book of business, with each owner receiving a portion based on their contributions. The goal is to create an equitable compensation plan that ensures all owners feel adequately rewarded for their efforts, promoting harmony within the agency. The methodology presented is straightforward and easy to implement, aiming to prevent issues that may arise from unclear compensation structures. [Extracted from the article]

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