Sales Incentive Plan Structure Outline
I. Introduction
Purpose of the Sales Incentive Plan
Overview of the Sales Targets for Q2
II. Incentive Plan Objectives
To motivate sales team members to exceed sales targets.
To foster a competitive yet collaborative team environment.
To align the sales team’s goals with the company's strategic objectives.
III. Eligibility
All full-time sales representatives are eligible.
Part-time sales representatives' eligibility will be prorated based on hours worked.
IV. Sales Incentive Tiers
Achieve monthly sales up to [$10,000] for a [5%] commission.
Monthly sales between [$10,001 - $20,000] for a [7%] commission.
Monthly sales exceeding [$20,000] for a [10%] commission.
V. Bonus Incentives
Quarterly bonuses for the top [three] performers.
An annual luxury retreat for top sales representatives.
VI. Tracking and Payment Schedule
Sales will be tracked using the [X-Sales Performance Software].
Commission payments will be made on the [15th] of the following month.
VII. Terms and Conditions
All sales must be finalized and recognized as revenue to qualify.
Returns and cancellations will be deducted from the sales totals.
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