I have two personal trainers that are working for me and I want to give them a retention bonus every time one of their clients re-signs for more personal training sessions. Can you give me some insight/advice on what is a fair rate to pay. When they sign up a new client, I give them 10%, so I am assuming the retention bonus will be less, since it will be residual.
I feel that anywhere in the range of 5-15% would be fair. What would your budget allow?
How much you offer them might also impact how likely they are to stick around and continue training for you at your facility. If they feel they’re not making enough for all of the clients they have re-signing they might be more likely to train elsewhere. Or they might resort to setting up something more independent for themselves.
Do you think a lower retention bonus would have this effect on your trainers?