Small business – hourly rate for Personal Trainers?
I own a small business and I will hire personal trainers, paying them with a W2. Trying to find out what is the hourly rate to pay Personal Trainers to provide 50 minutes Bootcamp class to a group of 5 people. The bootcamp will be conducted outdoors. Also, what personal trainers prefer?, W2 or 1099?
Hi Andrea. Sorry to be answering your question a bit late, but as they say “better late than never.” Susan gives some great advice here, and I would add that perhaps when looking at how much to pay your instructor that you work backwards. First, look at how much you want/need to make per boot camp class of 5 participants. Then subtract that amount from how much you are charging for the class. Is there enough left to make teaching the class worthwhile for an instructor? To be competitive with other similarly-sized classes? If not, then I would suggest two options, one either increase your per person rate, two, lower the amount that you will take home so that the instructor’s pay is higher, or three you may need to look at lifting your boot camp minimum size requirements for running a class.
I hope that this helps.
LaRue, CSCS
www.lecfitness.com
[email protected]