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buckfarmer
Posts: 1,252
Registered: ‎06-14-2010
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Employee compensation

I would like to offer some sort of profit sharing as a alternative to a raise for the one part time(20 hrs/ week) employee I have. He is 21 years old and still lives with his parents. I pay him $12 per hour. There are not to many opportunities for him in our area. If he could get some experience in a factory maintenance setting he could make twice what I'm paying him. We talked about doing some kind of profit sharing but have not set anything up yet. For years I have worked of the farm wich alowed me to reinvest everything into the farm. Therfore I don't show any profit at the end of the year. My question is what would be a good way to pay some sort of profit sharing to him.
Subject Author Kudos Posted
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