MyTime's compensation settings provide a lot of options to calculate wages according to your specific pay structure. These include fixed salaries, hourly wages by work type (e.g., productive time vs. training time vs administrative time), overtime wages, tiered commissions, and more.
Things to Know:
- Straight Commission: You can pay staff a straight percentage commission or a flat commission per product.
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Tiered commission by revenue: The commission is calculated based on All Revenue Earned or Amount Above Earned. You can set the base rate on which the commission is paid for the first tier and then add as many tiers as you like.
Amount Above Earned - This setting applies a tiered commission for each revenue threshold reached. The commission is calculated by subtracting the tier threshold from the revenue and multiplying the difference by the tier percentage (revenue - tier threshold x tier %).
All Revenue Earned - This setting applies a single tier, corresponding to the total revenue. The commission is calculated by multiplying the total revenue by the tier percentage (total revenue x tier %).
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Tiered commission by productivity: The commission is calculated based on All Revenue Earned or Amount Above Earned.
- Amount Above Tier - This setting applies an incremental commission for each productivity threshold achieved. The commission will be calculated as (productivity - tier threshold) x tier % x clocked hours.
- All Revenue Earned - This setting applies only one tier, the one that matches the overall productivity. The commission will be calculated as (productivity x tier % x clocked hours).
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You can enable your staff members to earn commissions on package and membership sales, which can be calculated as either a fixed amount or a percentage. The commission earned by staff members on appointments, products, and classes included in a package or membership differs from the commission calculated on package and membership sales.
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- Flat Amount: A fixed amount paid per package or membership sold, regardless of its price, validity, or other factors.
- Percentage: A commission calculated as a set percentage of each package or membership sale.
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Contents
Configure Compensation for Staff Members
To set up compensation for staff members:
- Go to Business Setup > Staff & Availability
- Click on a staff member to open their profile
- Scroll to the Compensation Reporting section. Check “Track compensation for this staff member”
Salaried Compensation
If you choose the Salaried radio button instead of the hourly radio button, you will be able to set the daily or per pay cycle salary for that staff member.
Salaried staff receive the daily pay if they have scheduled hours, custom hours, or clocked hours for the day. If the staff member is also eligible for commissions, you can check the Eligible for product and service commissions box to expand the commission section.
Hourly Compensation
If you choose the Hourly radio button under Payroll Type, many options are shown below.
In the Wage section, you can set the overtime hours. Overtime calculation will be done for both numbers listed, so if you have it set to have overtime begin at 8 hours per day OR 40 hours per week, then any daily hours over 8 will be counted as overtime and any weekly hours over 40 will be counted as overtime. Again, weekly overtime will be calculated using the pay period you chose in the Settings menu.
After you set the overtime hours, you will see that the different payment types you created on the Staff & Availability page will be listed underneath with expandable arrows on the left side. You can expand each one to add the base wage and overtime wage for that payment type. We will show you here, as a reminder, whether the rate type is productive time or not.
Note: You are NOT required to enter overtime wages if you do not wish to do so.
Hourly Pay is calculated from clocked-in hours. In order to track hourly pay, you must use the clock-in/out feature. If you do not wish to pay your staff member hourly, leave both fields blank.
Commissions
Once you have entered the hourly wages for each payment type, you can set the commissions. Service providers are eligible for service, product, gift card, membership, and package commissions. Support staff, however, cannot clock in using productive payment types, so support staff commissions cannot be based on productivity. Likewise, support staff cannot provide services. As such, the support staff is not eligible for service commissions.
Many of the commission types allow you to set a flat amount or a percentage:
- Flat Amount - This is an amount to be paid per service, regardless of the type of service, its value, duration, etc. Important: This is per service and NOT per appointment. An appointment can contain many different services and each would be paid the same rate with the flat amount setting.
- Percentage - This option is used to pay a set percentage of each service, such as 10% per service.
Service Commissions
There are many options for the service commissions section of the staff compensation. If the staff is an hourly service provider, all of the options below will be shown. If the staff is salaried, the option to “only pay hourly wage if service commission is lower than hourly wages” will not be shown. As stated above, support staff will not have any service commission options. Learn more here
Class Commissions
For businesses that offer classes and events, you have the ability to set up staff compensation payable based on classes and/or attendance. The compensation structure can be set up as straight commission, tiered commission by revenue, tiered commission by attendees, or tiered commission by sessions. Learn more here
Product Commissions
Like service commissions, product commissions have options that are not available for everyone. The option to only pay if retail revenue is at least % ___ of service revenue is only available for service providers. Otherwise, product commissions are very similar to service commissions. Learn more here
Membership Commissions
Commission on membership sales can be based on a flat amount or a percentage. Service providers and support staff members can earn commissions on membership sales. Learn more here
Package Commissions
Commission on package sales can be based on a flat amount or a percentage. Service providers and support staff members can earn commissions on package sales. Learn more here
Gift Card Commissions
Commission on gift card sales can be based on a flat amount or a percentage. Service providers and Support staff members can earn commission on gift card sales. Learn more here
For more information, contact support@mytime.com.
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