From Solo to Employee: Exploring Different Compensation Models in Beauty
There’s a myriad of ways that stylists working in a salon can be compensated, and in today’s complicated world, hybrid models are becoming more and more common. In this webinar we talk compensation strategies with four salon leaders—one who owns a salon based on team-based pay, one who manages a commission-based salon and a rental salon in the same shopping complex, one who is franchising her commission model and systems to pros who want to enter ownership, and one who has tapped an innovative app ShearShare to temporarily rent his open chairs to bring in additional income.
Our panelists talk about what it’s like to be a leader of each of these models, exploring the benefits and the challenges of each, including compensation, culture, financial security, tax compliance and additional benefits. And, we’ll uncover today’s workforce wants and how you can meet those demands no matter your compensation model.