Reviewing Salaries For Painters: 604-PAINTER (Vancouver’s Best Painters.com)

There is much that is unpleasant for a Vancouver painter about a slowing economy.  For ‘glass-half-full’ painters however, a slowing economy affords an opportunity to re-evaluate business practices and make adjustments in anticipation of future growth.  The salary structure within a painting company can be very c0mplex, and, as painting employees in the Vancouver area come and go…unbalanced.  As a painting contractor company in the Vancouver area retools and downsizes, it should be able to adjust its salary structure to rebalance the ledger.

Starting at the top

First, look at your own salary.  As business contracts and jobs become harder to come by, no doubt you can expect to work longer hours and take on more of the day-to-day tasks.  Should you then pay yourself more?  Should you just work more and take home the same pay?  Should you take home less?  The answer is, once you have adjusted for your new circumstances you should be taking home the same or more, but never less.  In other words, the choices you make regarding how you downsize your painting business should have as their primary goal protecting your personal income and your lifestyle.  That is the privilege of painting business ownership.  Is it fair?  Absolutely.  You are your best employee.  You care the most, work the hardest, have the most experience with the painting company and have the biggest stake in its success.   There is no better formula for employee motivation than to pay that kind of employee as much as you can afford.

In addition, you must always consider the opportunity cost you pay for being in business.  You hear is most often expressed when you hear your peers say:  “For that money, I am better off staying home”  The point is that reducing your income makes no sense when you could just close up shop and work somewhere else for a lot less hassle, fewer hours and more money.

What You Should Earn As A Painter or Painting Contractor In the Vancouver Area

If you are a painter in the home renovation trade in the Vancouver area, you are probably not being paid enough.  Rick Anderson from Vancouver’s Best Painters says that owners of general contracting and subtrade companies should be earning at least 10% of their companys gross income in consideration for the many hours they work.