Sales Commission Structure Resolution
Company: [Company Name]
Resolution Prepared by: [Your Name]
Objective
The primary aim of this resolution is to establish a transparent and motivational sales commission structure for the fiscal year [Year]. This structure is designed to align seamlessly with the overarching goals of our company, recognizing and rewarding the dedicated efforts and achievements of our esteemed sales team.
Commission Structure
Base Salary: $[0,000] per annum.
Commission Rate: [00]% of the total sales revenue.
Performance Bonus: An additional [00]]% commission for surpassing quarterly targets.
Team Bonus: [00]% bonus for each team member when the entire team exceeds monthly goals.
Sales Targets
Monthly Sales Target: $[0,000]
Quarterly Sales Target: $[0,000]
Annual Sales Target: $[0,000]
Payment Schedule
Commissions and bonuses will be paid out on a [Payment Frequency] basis.
Sales reports and calculations will be finalized by the [Payment Deadline] of the following month.
Sales Team Responsibilities
Maintain accurate records of all sales activities.
Collaborate with the finance department for commission calculations.
Report any discrepancies or issues to the Sales Director promptly.
Review and Adjustment
The commission structure will be reviewed on a [Review Frequency] basis to ensure alignment with company goals.
Any necessary adjustments to the commission structure will be made judiciously, reflecting our dedication to providing a fair and competitive compensation framework.
Effective Date
This Sales Commission Structure Resolution will be in full force and effect as of [Effective Date]. The selected date signifies the initiation of a new chapter in our commitment to recognizing and rewarding the dedication of our sales team.
Approval:
This resolution is hereby approved and accepted by:
| | |
[Your Name] [Your Position] Date: [Approval Date] | | [CEO Name] Date: [Approval Date] |
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