Compensation

TO:         Human resourcefulness Department Manager From:       Wesley Peterson Date:       October 11th, 2010 Subject:   honorarium Plan Proposal       This memo is to inform the manager of Human Resource of remarkable ideas and rationales for a career development compensation syllabus for approval. In this broadcast we volition trace a newly compensation scheme for our new gross revenue team. We will expound components of a reward package to motivate employees to perform hygienic, and describe in detail the compensation plan benefits to individuals and to the company. A sales compensation plan cannot be developed carelessly if sales reps are to be properly motivated and compensated. I rear that many companies have do not have unmortgaged outline, and confusing and gener exclusivelyy inappropriate sales compensation structures. In this proposal, I will be explaining reasons why my compensation plan will work for my employees and the company. It is important to create a sales compensation structure that motivates employees to higher levels of performance. It is also important to will employees to earn compensation as a direct payoff of their efforts without crippling their ability to meet their monthly obligations.

In opposite words, pay employees well by creating incentives to achieve higher levels of sales, precisely provide a safety net that is not besides high or too low. This will be a challenging task but it is possible. I have listed the substantive components from among which to choose in developing my sales compensation plan; salary, commission, bonus and sales incentives. I believe that a well constructed sales compensation plan can include all four components. I plan to pay my employees a stalk salary, and try to keep it low ample to allow populate to create sufficient incentive and motivation, but high enough to give reps some breathing room in meet financial obligations. A base salary usually will fall somewhere between 15 and 40 per centum of total compensation. As an employee or sales... If you want to get a full essay, order it on our website: Ordercustompaper.com

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