Wage and Pay Structures
Adopt the Web Employees, Contractors, and Partners
Last updated by jarod 2 years agoBusiness Collaborators
Employee:
A W2 individual on payroll paid via Gusto, having entered into an employment agreement and is paid through the company's payroll system. This means that the employee is considered a legal employee of the company and is entitled to benefits such as workers' compensation, unemployment insurance, and other benefits offered. The employee is also required to pay taxes on their earnings and the employer is responsible for withholding those taxes and paying them to the appropriate tax authorities.
Full-time employee:
A full-time employee is an individual who works a minimum of 35 hours per week.
Part-time employee:
A part-time employee is an individual who works anything less than 35 hours per week.
Contractor:
A contractor, in the context of Adopt the Web, refers to a skilled individual who is engaged by the company to complete specific tasks or projects on a non-employee basis. These individuals, classified as 1099 contractors, operate independently and are responsible for managing their work processes and timelines. As self-employed professionals, they are required to pay self-employment taxes, which include contributions to Social Security and Medicare. This arrangement allows Adopt the Web to leverage specialized expertise as needed, while offering flexibility to both the company and the contractor.
Partner:
A "partner" at Adopt the Web is an inclusive term encompassing employees, contractors, and various collaborating parties who contribute to the company's success. This diverse group of professionals plays a crucial role in driving and sustaining the growth of the organization. Partners may include full-time employees and 1099 contractors who benefit from profit-sharing arrangements, as well as other external collaborators, such as sales representatives, who earn commissions based on their performance but do not participate in profit-sharing. In this collaborative ecosystem, Adopt the Web fosters strong relationships among its partners, leveraging their unique skills and expertise to achieve shared goals and celebrate mutual success.
Salary Structures
Here are the two types of salary structures we offer both employees and contractors: Hourly-Based and Set Amount. This will help you gain insight into your compensation and the benefits associated with each structure.
Hourly-Based Salary:
Definition: This structure compensates employees with a fixed rate for each hour worked, and total pay depends on the number of hours worked during a pay period.
Time Tracking: To accurately calculate pay, we track the hours worked by employees using the Clockify time-tracking platform.
Overtime Pay: Hourly employees are generally eligible for overtime pay, calculated at 1.5 times the regular hourly rate, when they work more than a certain number of hours per week.
Flexibility: This structure allows for more flexible work schedules, as employees can adjust their hours based on their needs or preferences.
Benefits for Hourly-Based Employees:
Fair Compensation: Employees are paid for the exact amount of time worked, ensuring fair compensation.
Work-life Balance: Greater control over work schedules allows employees to balance personal and professional lives more easily.
Set Amount Salary:
Definition: This structure involves a fixed salary amount, regardless of the number of hours worked during a pay period.
Exempt: Salaried employees are typically classified as "exempt," meaning they are not eligible for overtime pay.
Consistent Pay: A consistent salary is received each pay period, providing financial stability and predictability.
Benefits for Set Amount Employees:
Greater Autonomy: Employees often have more autonomy and flexibility in managing their workload, as they are not as closely monitored for their time.
Partner Commissions Structure
The Adopt the Web partner commission structure is designed to reward the valuable contributions of our partners and incentivize continued growth. It consists of the following components:
New Client Referral Commission: Partners will receive a 20% commission on the sign-up cost for each new client they successfully refer to Adopt the Web.
Direct Sales Commission: Partners will earn a 15% commission on any direct sales of services they make to clients.
Lifetime Commissions on Sales of Services: Partners can earn between 5% and 10% in lifetime commissions on sales of services. These commissions are subject to the following conditions:
a. Rollover: Lifetime commissions will roll over every 90 days, provided that the partner continues to bring in new client referrals or make new service sales within each 90-day period.
b. Expiration: If a partner does not generate any new client referrals or make any new service sales within a 90-day period, their lifetime commissions will expire at the end of that period.
a. Rollover: Lifetime commissions will roll over every 90 days, provided that the partner continues to bring in new client referrals or make new service sales within each 90-day period.
b. Expiration: If a partner does not generate any new client referrals or make any new service sales within a 90-day period, their lifetime commissions will expire at the end of that period.
This commission structure aims to encourage our partners to actively engage in the growth of Adopt the Web while fairly rewarding them for their efforts and commitment to the company's success.
