Articles and Plans

The U.S. Congress passed the Sarbanes-Oxley act in 2002, in response to multiple accounting scandals and collapses of major companies such as Worldcom, Enron and Arthur Anderson. The primary goal of this act is to protect investors by improving the accuracy and reliability of corporate financial information. It has done this by specifying new standards of accountability, needed controls, disclosure requirements and it is enforcing it by new penalties for acts of wrongdoing and non-compliance.
QCommission Integration with QuickBooks
Sales commission programs are possibly the most variable programs conducted by a firm. These programs tend to vary significantly from industry to industry, and many times within companies in an industry. Sales commission programs tend to be different by employees even within a single firm.
You have to maintain one spreadsheet per sales rep and pretty soon you have a nightmare of tens or hundreds of individual spreadsheets that you have maintain by hand.
Sales Commission can be a flashpoint in disputes between Mortgage Brokerages and their agents. Litigation related to these disputes can result in monetary losses and in some cases the distraction of the lawsuit can drive brokerages to collapse.
Single Sign is a method of access control that enables a user to authenticate once and gain access to the resources of multiple software applications.
Users have only one identity (User Ids and Passwords) to maintain. When the users are authenticated at the OS level (example windows) they need not be authenticated again to use QCommission.
Salespeople are a company's ambassadors to the world. They actively promote the company and its products and services. They are the front line between the company and its customers, and are typically the driving force of revenues - top-line company growth.
Incentive programs can motivate your staff to new heights, but make certain you sidestep counterproductive mistakes.
The power of incentive programs: the right incentive program can motivate ordinary people to do extraordinary things.
While commission-based compensation isn’t the only—or even necessarily the best—way to compensate a sale force, it is predominate in most industries that rely on a direct personal sales force to market their products or services.
More companies are taking the pain out of managing variable pay by implementing software packages for rapid, accurate data delivery.
The use of the World Wide Web and Web technologies in business puts companies on the verge of dramatic productivity gains for the first time since the debut of the computer itself. Through collaborative technologies empowered by the Web, we are sharing data, learning from it and leveraging it for gain -- all in real time.
Plan on finishing the current year properly. Make sure year end bonuses are projected and calculated. If there are draw balances, decide on recovery and forgiveness.
Sales Commission Agreement
Description of Services, Territory, Sales Commission Rate and Trademarks.
Description of Services: DC is in the business of assisting not for profit ...
Expectancy Theory (also known as the Valence-Instrumentality- Expectancy Theory) (1964)
Vroom's theory assumes that behavior results from conscious choices among alternatives whose purpose it is to maximize pleasure and minimize pain. The key elements to this theory are referred to as Expectancy (E), Instrumentality (I), and Valence (V). Critical to the understanding of the theory is the understanding that each of these factors represents a belief.
How often should sales commission plans be changed?
At a recent business meeting I was seated next to the president of a local business sharing information about our respective companies. My tablemate explained that his firm had no need for the services of a sales incentive plan consultant, as he had not changed his sales compensation plan for ten years.
Compensating Your Sales Force
Compensating your sales force presents a particular challenge because packages must be extremely competitive and provide adequate incentives to motivate employees to do their best.

Sales commission, unlike many other applications tends to be fairly unique from company to company, though there is significant commonality within an industry. The other unique aspect of sales commission is the flexible nature of customer needs. It is fairly common for a company to change its commission plans year to year or even within the year.

After getting business in the door and completing the funding of a loan, the third most difficult job for the average Mortgage Broker could very well be the task of calculating and paying commissions for the agent involved in the transaction and other relevant parties.
CPM: Involving the sales team in performance management
How do companies align sales execution with their overall strategy and objectives? Although much can be achieved by investment in marketing and in sectors such as the food industry by the relationships with, and incentives given, to the retailers, there is also a dependence on the sales teams. It is their incentives and commssion plans that drive behavior and ultimately the success or failure of achieving the expected types and       levels of revenues and profit margins.
Reconnect Sales Management to Profitability
You are what you sell - sales is the front-wheel drive that pulls a company forward in the marketplace.But in many companies, top managers are frustrated because the sales process seems disconnected fromcorporate objectives. This presents a serious impediment to management's efforts to manage profitability effectively.
A Sales Commission Plan That'll Supercharge Your Profits
What I’m going to share with you today is the single most powerful trick I know for supercharging your bottom line.At some point in time, if you are going to grow your construction business beyond $2 million, you are goingto need someone working on sales full time. Now, maybe sales is your thing and you want to do that full time. Fantastic.
Guide to Salary Guidelines for Sales and Marketing
Salary for marketing and salary for sales must be competitive enough to ensure the right candidate lands in theposition and develops into a valuable employee. Yet as a business owner or manager you must also watch your bottom line, especially since salaries and other pay compensation benefits can account for the majority of business budgets.
Sales Commission - What Return Should You Expect On Your Sales Compensation Investment?

This article answers the following questions :

How do most companies look at return on investment (ROI) for their sales compensation expense? 

 What portion of sales compensation expense do companies allocate to managing existing accounts versus pursuing new accounts?

Sales Compensation - It really does guide behaviour
Compensation can be one of the hardest things to tune and get right in a Sales organization. I've seen a wide variety of compensation schemes through my career, and have sat on a compensation committee in a larger company that I worked for (where we did a very comprehensive survey of the way things were done else where in the industry). There are far too many variants to even being to elaborate on them all here, but I will try to touch on a few key things from my perspective.
Real Estate Sales Commissions
If you're going to hire a real estate broker to sell your real property, you need to understand how the broker gets paid. Generally, the broker receives a commission from the seller when the sale is completed. The amount of the commission is set by the listing broker and may be negotiable by the seller and the listing broker. The terms for payment of the sales commission need to be included in the real estate brokerage contract or listing agreement.
For every salesperson, there's a perfect product and a perfect commission structure. Finding both leads to sales success. Common structures for sales commissions include being paid a high salary with low commission or being paid based on individual sales, territory volume, a share of the profits, bringing in new business, maintaining old business, wholesale or net (retail) sales, hitting an exact target or hitting variable targets.
Some companies may actually succeed in maintaining an existing customer for a year or so after declaring it a "house account," but eventually the competitor makes an inroad. After all, how did you get that customer in the first place? Certainly not by telephoning the purchasing department once a month and making two trips a year to buy them lunch.
How The Right Sales Compensation Plan Can Supercharge Profits
What I'm going to share with you today is the single most powerful trick I know for supercharging your bottom line. At some point in time, if you are going to grow your construction business beyond $2 million, you are going to need someone working on sales full time. Now, maybe sales is your thing and you want to do that full time. Fantastic.
Build an Effective Sales Compensation Governance Program for Your Organization
Compensation governance typically is associated with executive compensation. Does governance have a place in sales compensation?
Best of Both Worlds: Using Hybrid Incentive Plans
Today's changing compensation landscape provides opportunities to improve pay designs, specifically in sales management compensation. The good news for sales executives and managers is that, unlike CEOs, their pay designs inherently have the potential for more flexibility, creating a "win-win" for both plan participants and shareholders. Here's why: Sales management has a more direct line of sight to sales and profits than top management. This allows for commission pay designs with more volatility than discretionary, nonsales management cash bonuses.
Perception is Reality with Salesforce Incentive Compensation
"Big territories can't grow." "There aren't enough sales opportunities left." "Marketing doesn't understand customer-level realities." Left unaddressed, uninformed perceptions can drive dissatisfaction with the sales incentive plan and, in extreme cases, the job. Sales and HR leaders must communicate the realities and provide clarity around the decision-making process to quell those distorted perceptions.
Finance is from Mars, Human Resources is from Venus
Does your CFO understand your objectives with sales compensation plans? Do you understand the finance department's mandates for your plan design? This article, from workspan magazine, is a refreshing look at the sometimes challenging relationship between finance and HR, and we know sales comp professionals can relate.
2009 Sales Compensation Checklist
More than 65% of all companies began their fiscal years on January 1. Read this checklist of action items to ensure the success of your 2009 program.
Managing Sales Compensation in an Uncertain Market
Learn how to monitor and adjust your pay plans to accommodate shaky market conditions.
According to the 2009 Sales Compensation Trends Survey, growth in sales compensation payouts in 2008 were 2.5% above 2007, but a 37.5% drop from the previous year. According to the seventh annual trends survey, only 54.55% of respondents plan to give a base salary increase to eligible sales personnel in 2009. For those who plan to grant a base salary increase, the median increase will be 3.0%.
Like many of you, my fourth quarter included a lot of sales compensation design, review and revision. Given the business environment and the forecasting difficulties that many organizations are facing, some are still working - even now - to get sales incentive plans nailed down in final form. With this in mind, I thought it might be helpful to dedicate a post to the basics of sales commission calculation.
Disputes over Unpaid Sales Commissions and Bonus Payments: When Does a Mere Expectation Become into an "Earned" Wage?
Most employees are paid for their time. Thus, if they work eight hours at a rate of $25 per hour, or eight weeks at a salary of $2,500 per week, there is little dispute over the amount of wages owed. But disputes begin to multiply where the payment is deferred and is calculated based on meeting certain performance targets. Typical disputes include the following:
Rep. Stark Urges CMS To Block New Medicare Advantage Sales Commissions Rules, Saying They Will Promote 'Churning'
House Ways and Means Subcommittee on Health Chair Pete Stark (D-Calif.) on Thursday in a letter to CMS acting administrator Kerry Weems called for a limit on new sales commissions in an attempt to dissuade sales agents from pressuring Medicare beneficiaries to frequently switch Medicare Advantage plans, CQ HealthBeat reports.
Most sales / business development staff are paid a basic wage plus some form of commission or bonus (indeed, some people are paid on a commission basis only). The more products / services they sell, the more money they will make over and above their basic salary.
Commission Sales Vs Salary Sales
In the sales industry, one of the most heated topics of discussion is commission sales vs. salary sales. There are benefits to using both, but many people are hard-core advocates of one or the other. Some people believe commission is the only method of payment for true salespeople, while others would like to see a balance between the two.
As most companies know, sales are the force behind the growth of a company. If the company has a product or service, then sales is the key to revenue and the sales force is the key to making that revenue. Over the last several months, the economic landscape has changed significantly, and companies are looking for ways to increase sales effectiveness and maximize profits.
We find that many companies have ill-defined, confusing and generally inappropriate sales compensation structures. It is important to create a sales compensation structure that motivates sales reps to higher levels of performance.
Start-Ups Need to Offer Exceedingly Generous Sales Commission Plans
A start-up software entrepreneur asked me, "What rate of commission should I pay to salespeople for the business they bring in?"
Puzzling Out a Sales-Commission Structure
Consultants' data and personal research (the cheaper option) can help solve the mystery of how to pay sales staff.
If your sales reps aren't producing enough, it may be because your compensation plan is askew. Some tips on tailoring it to your business.
Pay for Performance Sales Compensation Goal Eludes Many Companies; Productivity Suffers as a...
Performance-based sales compensation programs are not living up to expectations among Corporate America according to a new survey conducted by the Human Capital practice of Deloitte & Touche LLP, one of the nation's leading professional services firms.
The Four Cornerstones of Effective Sales Compensation Plans
Effective sales compensation is critical to the success of any go-to-market strategy. Yet designing and managing a program is rarely easy. Determining how people are paid is a sensitive matter that can become increasingly complicated when reconciling the disparate needs of key stakeholders in sales, finance, human resources, and marketing. To better manage this complexity and to keep the discussions constructive, consider the following four cornerstones of effective sales compensation.
When sales and finance executives at Comcast-Spectacor realized they were missing potential sales because managers were unable to spot key cross-market opportunities, they knew it was time to move to a sales performance management software application, said Mark DiMaurizio, the company's vice president of technology solutions.
An effective sales compensation plan for sales representatives is critical to the success of any go-to-market strategy. Yet the design and management of a compensation plan for sales teams is rarely easy. After all, determining how people are paid is a sensitive matter which can become increasingly complicated when reconciling the disparate needs of key stakeholders in sales, finance, HR, and marketing.
Sales Compensation and the Law
The New York Department of Labor recently passed an amendment to the Labor Law relative to sales personnel. Effective October 16, 2007, employers are required to provide written terms of employment for commissioned salespeople or risk adverse impact of decisions rendered in any wage action brought against the employer.
On paper, the theory behind sales incentive alignment seems pretty straightforward. Identify a key business goal, such as new product sales, profitability, account penetration, or reducing inventory, and then develop the right programs to drive results.
It's early in the year, and all businesses, big and small, want to start off on the right foot when it comes to financial reporting and maintaining accurate corporate information. That's why we want to tell you about this great sales commission calculation software we are using at JPC Inc. available from called QCommission.
Maxwell Technologies Inc., a San Diego-based maker of energy storage and power delivery products, agreed to pay $14.3 million in penalties, disgorgement of profits and interest to settle charges related to the bribing of Chinese government officials to win sales of Maxwell's products, said federal prosecutors and the company Jan. 31.
Danger! One Sales Measurement Is Never Enough
Have you ever asked your single friends what they are looking for in a mate? They usually come back with "the list", nice eyes, good sense of humor, decent job etc. Very rarely will you hear just one thing. And, at times, the list may be too long and unrealistic.
The Do's and Don'ts of Quota and Comp Plan Adjustments
Every couple of months, we get a call from a member who's in the sticky situation of needing to make mid-quarter adjustments to quotas or compensation plans. There's a variety of reasons why companies land in these situations. Sometimes a new product launch isn't as well received by customers as hoped.
Sales Commission in Affiliate Promoting
The profit during this business is that the sales commission. Affiliates are fascinated by the product that supply high sales commissions. The merchants need to sell their product but they wish to pay less sales commission to induce the utmost benefit.
How do I file taxes on the sales commission I made last year?
I am an outside sales agent for a travel agency. I am paid commission with no taxes taken out. I have a few questions. 1) Is there a certain amount of money that I would have had to make in order to have to file taxes on that?
A sales commission is a sum of money paid to an employee upon completion of a task, usually selling a certain amount of goods or services. Employers sometimes use sales commissions as incentives to increase worker productivity. A commission may be paid in addition to a salary or instead of a salary. The Fair Labor Standards Act (FLSA) does not require the payment of commissions.
It is not uncommon for sales representatives who experience transition in their careers, either voluntarily or otherwise, to close sales while in the company's employ but not get compensated for their successes. Whether compensation is purposely or unintentionally withheld by the company, the effect is the same. A legal dispute will arise as to the sales person's right to earn the commission. For example, what if a sales representative closes a sale, but the customer doesn't send in payment until after the sales person has left the company? In other words, when does a sales representative, in the legal sense, earn the commission?
Electronic Spreadsheets: The Good, the Bad & the Ugly
On the 25th anniversary of the development of electronic spreadsheets, the good news is that spreadsheets have had a positive impact on the way businesses operate behind the scenes-from finance and accounting to operations and marketing and human resources-and they save time.
Sales Associates File Class Action Against AutoNation Alleging Unpaid Sales Commissions with the Help of the California Attorneys at Blumenthal, Nordrehaug & Bhowmik.
Sales Commission In Affiliate Marketing
This will provide useful information if youre planning to start affiliate marketing. You earn profit comes from sales commission. Most affiliates are interested in products with high sales commissions. Merchants are interested in selling their products and pay as little commission as possible. This will allow them to get the maximum benefit.
Base plus commission is one of several common pay structures used by companies. Common in sales and retail environments where employees are offered commission as an incentive to sell more, this pay structure is also used in other scenarios to provide increased compensation when the worker produces more results.
Why You Should Promote Residual Affiliate Programs
Are you a webmaster in will need of additional income? Or are you planning to set up an on the internet enterprise but you still do not have any product to sell? If so, affiliate advertising might be the greatest answer for your problems.
As 2011 gets underway and economic conditions improve, many companies will be hiring new employees and sales representatives. In so doing, these companies will be executing employment contracts and relying on compensation management as many of these contracts will involve sales commissions and Sales Commission Software.
Sales compensation for employees is commonly a part of payroll from a business perspective. It is affected by many of the laws and regulations such as taxation for the company. But compliance to minimum wage law and overtime law has been a grey area. Many nations require a minimum salary per worker. For wage rates, the US government calls this the “Minimum Wage”. In other countries it may be called a “Living Wage” or something similar. The law requires businesses to pay employees at least this much money in order to be compliant with the law. Minimum wage is typically based on hours worked.
1. Login. In the Desktop version of QCommission, one has to login to the remote Desktop to access the application. But in the Web version, it can be accessed from the browser of your local computer that has internet connection.
2. Reps Access. In the Desktop version (QCommission Premier), there is an option of Portal access for the reps. In the Web version (QCommission Premier), we can provide credentials to the reps to login so they can see their statements instead of the administrators sending the statements thru email. In some industries, there are requirements where they want the reps to enter their sales data. This is possible in the Web version.