Welcome to this episode of 20/20 Money! My guest on today’s show is Nathan Hayes. This conversation is a follow up to the episode that Nathan and I did around partnership compensation structures. In that episode, Nathan in passing made a couple of comments around associate compensation structure and the feedback we received from that episode around that specific topic warranted its own show. In this episode, we talk about making sure that associates understand and acknowledge that there’s risk in employing an associate, how to think about the demand of the schedule, give a range of market rates, share some examples of associate comp structure and which ones work well and why, and wrap it up with some notable exceptions on why you’d deviate from the preferred associate structure we discuss.
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And with that introduction, I hope you enjoy my conversation with Nathan Hayes.
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