Financial Guru Discusses Technician Pay

Beyond the Wrench

Anders Gustafson, Co-Founder of ShopLevers and former shop owner, breaks down technician compensation. He shares lessons learned from starting a new shop, including the importance of incentive plans, offering benefits like health insurance, and evaluating pay plans correctly.
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About Our Guest:
Anders Gustafson
Co-Founder, ShopLevers
Follow Anders on LinkedIn

Sponsor:
Jasper Engines and Transmissions
About Our Host:
Jay Goninen
Co-Founder & President, WrenchWay
[e-mail] | 608.716.2122
WrenchWay Resources:
Technician Compensation Tool - See automotive, diesel, and collision technician compensation in your area at wrenchway.com/pay.
Technicians & Students - Looking for the best shops to work at? Check out wrenchway.com/shops.
Shops & Dealerships - Want to find quality technicians and support the industry? Learn about WrenchWay Shop Memberships.
Instructors - Need help getting resources and connecting with industry? We have free resources for your program.
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Chapters

1. Financial Guru Discusses Technician Pay (00:00:00)

2. About Anders (00:01:23)

3. New Shop Owner Realizations (00:10:27)

4. Affording to Pay Competitively (00:23:11)

5. Starting an Incentive Plan (00:32:39)

6. Expenses as Shop Grows (00:43:26)

7. Analyzing Pay Plans the Right Way (00:49:32)