Name: Compensation Plans: THE BINARY PLAN
Uploaded: 2022-03-07T12:19:32+00:00
Duration: 9 min 10 s
Description: The binary plan is a very powerful compensation plan. It's one of the few plans that gives your business absolutely explosive growth. We take a look at why this happens. We will also give some advanta

3 years ago

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The binary plan is a very powerful compensation plan. It's one of the few plans that gives your business absolutely explosive growth. We take a look at why this happens.

We will also give some advantages, as well as disadvantages to it. We then provide some easy fixes to the disadvantages.

This is part of our series on Compensation Plans, where each week we will highlight a different type of compensation plan. We will go through its weaknesses and strengths, and how to use it in your businesses.

If you have a specific compensation plan in mind, be sure to suggest it in the comments. We'll get right on making a video about it!

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