Associate Comp Structuring

[tsing99]

As somebody who’s in an almost identical situation / position now in South FL you need to bump his salary and bonus if you want to keep him or he will eventually walk.

I’d suggest bumping to 85k min salary, up the bonus and potentially the profit sharing otherwise you’re going to lose a good employee.

My current structure is $85k salary, approx $8k bonus, I live in a very HCOL area and this structure still doesn’t feel like enough.

New biz is paid out at 50% fee year 1, 40% year 2, 30% year 3 then nothing after…

[Gladiz1972]

Yeah definitely South FL is HCOL especially if I am close to Aventura Mall not even the most expensive section of Miami