Questions on Mid-Month Commissions

[krahema]

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:

 

[ChefBeckyD]

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:

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.

 

[Nep2nfly]

I'm so thankful you asked this question! I was wondering the same thing!

 

[BethCooks4U]

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

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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.

 

[lesliec]

thanks for the info.

 

[mrshamel3808]

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

 

[ChefBeckyD]

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

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.

 

[krahema]

Thanks everyone