Business Terms and Jargon Explained
What is Commission
Commission is a structure of pay that is performance related. This may be given as a percentage or a fixed sum when targets levels are reached. Sales staff is usually paid on a commission bases. A small basic may be given and they can increase their salary by meeting targets where they get a percentage of the sales.
Commissions are given as an incentive to reach targets and the best performers are rewarded with more money in commissions.
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Term created / updated 2005-07-16 23:12:15
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