The Instructor Performance Report's Profitability Section contains 6 elements:
Revenue Per Month
Pay Per Month
Profit Per Month
Revenue Per Class
Pay Per Class
Profit Per Class
1. Revenue Per Month
Revenue per month is calculated by multiplying the number of classes an instructor teaches in a month by the total average revenue they are generating per class. For example:
40 classes/month X $200 revenue per class = $8,000 Revenue Per Month
2. Pay Per Month
Pay per month is calculated by multiplying the average pay per class by the number of classes the instructor teaches in a month. For example:
$50 pay per class X 40 classes/month = $2,000 Pay Per Month
3. Profit Per Month
Profit per month is calculated by subtracting the pay per month from the revenue per month. For example:
$8,000 profit per month - $2,000 pay per months = $6,000 Profit Per Month
4. Revenue Per Class
Revenue per class is calculated by multiplying the average number of clients per class by the ARPV for the business. For example:
20 clients per class average X $10 ARPV value = $200 Revenue Per Class
For more information about Average Revenue Per Visit calculations please click here
5. Pay Per Class
Pay per class is an is calculated by multiplying the total compensation for the period by the number of classes taught. For example:
$2,000 total compensation / 40 classes = $50 Pay Per Class
Notably, FitGrid accounts for variable compensation structures such as:
Flat rate
Base rate + bonus per head
Salary
6. Profit Per Class
Profit per class is calculated by subtracting the pay per class by the revenue per class. For example:
$200 revenue per class - $50 pay per class = $150 Profit Per Class