Smart Agency Masterclass With Jason Swenk: Podcast For Digital Marketing Agencies

Figuring out the right level of transparency to have with employees about agency finances. How much should they know in order to motivate them and how much is too much? Transparency of Agency Finances With Your Team Jack asked: {1:35}  "I like the idea of bonuses based on profitability. How much info should I share with my team? Do they need to know everyone else's salary/wages so they can monitor project budgets, costs, profits, etc.?" The short answer is you shouldn't share everyone's salaries as they don't need to know this information. A great way to create a process for bonuses leading by my personal experience would be to create a budget with the project managers as a buffer and provide bonus opportunities for completing the project under the budgeted time. {3:47}  "How much financial info should I share, and how much is too much?" This is a great question and completely depends on where these employees are in the business. Everyone wants to contribute and feel like they are making a difference within a