Determining Your Salary Cap - Deepstash
Determining Your Salary Cap

Determining Your Salary Cap

  • Determining your salary cap is the best way to achieve your required labour productivity.
  • Nonsalary costs include all fixed and variable costs, including COGS, that are not paid labour.
  • In the example below, your salary cap for the year is $500,000. This is how much you can spend in total on wages, including all salaried and hourly employees.

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jessicadelgado

Medical sales representative

This book teaches the fundamentals of owner compensation, profit targets, labour productivity, cash flow, and data reporting. Clear explanations and helpful illustrations throughout make it a must-read guide for small business owners looking to achieve higher profits.

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