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cmdtrgd said:She said she promoted May 1, so her overrides should be the director ones. I would call HO on this one.
DebbieJ said:Did you have 5 active team members, $4000 in team sales, and $750 in personal sales? You must meet all three requirements to receive the 3% overrides.
DebbieJ said:That is true to a point. She won't go into relinquishment, but she will NOT receive her overrides. Ask me how I know.
A Director Override Promotion is a type of commission structure in which a director receives a percentage of sales made by their team, in addition to their own personal sales commissions. This serves as an incentive for directors to not only achieve their own sales targets, but also to support and motivate their team members to reach their goals as well.
The commission rate for a Director Override Promotion is typically set by the company and can vary based on factors such as the director's level, team performance, and overall sales targets. This rate is usually a percentage of the team's sales, and can be adjusted at different times throughout the year.
The commission statement for May Month End may only show 1% overrides if the Director Override Promotion went into effect on May 1st and only includes sales made during that month. The full 3% override may not be reflected until the next commission statement for June Month End.
The 3% override will go into effect on the date specified by the company. This may be May 1st or a later date, depending on when the Director Override Promotion was approved and implemented. It is important to check with your company's policies and guidelines for the exact date.
This will depend on the specific policies and guidelines of the company. Some companies may choose to make the 3% override retroactive for May Month End, while others may only apply it to future commission statements. It is best to confirm with your company for the exact details on the override's effective date.