1. Want to buy your holiday gifts AND support Chef Success seamlessly in the process? If you click a merchant link like amazon or ebay on Chef Success, Chef Success in turn receives 7% of that purchase. Click here for the merchant list. It's easy!

Commission %

Discussion in 'General Business Tips' started by krahema, Apr 22, 2010.

Thread Status:
Not open for further replies.
  1. I have a quick question regarding the % at which commissions are paid out. This is the first month I have received a mid-month commission. I only sold enough to qualify for a 20% commission mid-month, but by the end of the month will have sold enough to quailfy for a 23-24% commission. Will they adjust my commission for the early-month sales to increase it to the 23 or 24% at the end of the month, or now, because I can receive mid-month commissions, do I need to sell more in a 2-week period in order to qualify for the higher commission?

    Hope the question makes sense!

    Thanks:chef:
     
  2. ChefBeckyD

    ChefBeckyD Gold Member

    Yes, your commission will be adjusted at the end of the month to reflect 23-24% on your total sales. Also, any overrides earned, as a Sr. Consultant, etc..or any bonuses paid (like a recruiting bonus) are paid at the end of the month also.
     
  3. I'm so thankful you asked this question! I was wondering the same thing!
     
  4. BethCooks4U

    BethCooks4U Gold Member

    They do the math at the end of the month including all sales for the month at the total % you earned then they subtract the mid-month payment from that to get to the check that you get for month end. Here are some examples:

    -------

    mid-month $500 sales: paid $100 at 20% commission

    month end $1250 sales (includes the above $500):
    20% base commission + 3% sales level commission bonus = $287.50 minus $100 already paid to you. Month end paycheck $187.50

    -------

    mid-month $750 sales: paid $165 (20% commission + 2% sales commission bonus)
    month end $2500 sales (including the $750): paid $600 (20% commission + 4% sales commssion bonus minus $165 already paid. Month end paycheck $435

    -----

    Once you have hit the $15K level they will add the 2% career sales bonus at mid-month check too (and again at the month end). If you are a SC or higher those %'s are added only on end of month checks.
     
  5. thanks for the info.
     
  6. mrshamel3808

    mrshamel3808 Gold Member

    Wait, so I'm a SC and just hit my 15K. So the extra 2% will only be added to month-end?
     
  7. ChefBeckyD

    ChefBeckyD Gold Member

    If you hit the 15K this month, it will be reflected in next months checks (both mid and EOM) Your SC override is paid once a month, on the EOM check.
     
  8. Thanks everyone :)
     
Thread Status:
Not open for further replies.

Share This Page