Most Common Costs Associated with Personal Trainers:
As a continuation of the series, “Which is better…”, Part IV touches upon the most basic cost and liability issues that should be considered when a fitness facility hires a personal trainer. As a gym owner or manager, it is your responsibility to provide your members with access to a number of services, including those of a professional personal trainer. However, you do have to decide whether you are going to place your personal trainers on the payroll or if you are simply going to use a series of independent contractors to do the job. There are inherent costs and liability that you need to assess before you make your final choice.
Payday to Payday
Of all the different costs associated with having personal trainers in your gym, those associated with hiring your own trainers are likely to be the highest ones. Since in doing things this way, you are adding them to your payroll, you are going to be paying them an hourly wage or salary. This means that as long as they are on the clock, you will be paying them, whether they are working with one of your members or not. As long as they have a long list of clients you will be getting the most for your money, but when times are slow, you may end up paying out more than you are taking in.
On the other hand, if you use independent contractors, you never have to pay them unless you offer their services for free to your members as part of an introductory package. At which point you may have to pay the cost of the time your members use. Other than this the only other real cost on a day to day basis is in ensure that you have them covered under your workers’ compensation insurance.
For the full article, including a recap of the series, please visit my gyminsight blog!