We dreamed about going to law school and, one day, opening a law firm together. PeopleImages via Getty Images Paying employees equitably was a sound strategy that helped grow my business. One idea we discussed was paying associates a significant percentage of the value of their billable hours, rather than pooling profits at the top. It hardly sounds like a profitable or secure business plan — employees would earn more the harder they worked, while we shouldered the risk — but the results were amazing. Some of those same employees now earn a little more than double my executive compensation some years, and I’m perfectly fine with that.

Source: Huffington Post February 05, 2020 21:52 UTC