Sales Commission Structure Resolution
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
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Base Salary: $[0,000] per annum.
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Commission Rate: [00]% of the total sales revenue.
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Performance Bonus: An additional [00]]% commission for surpassing quarterly targets.
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Team Bonus: [00]% bonus for each team member when the entire team exceeds monthly goals.
Sales Targets
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Monthly Sales Target: $[0,000]
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Quarterly Sales Target: $[0,000]
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Annual Sales Target: $[0,000]
Payment Schedule
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Commissions and bonuses will be paid out on a [Payment Frequency] basis.
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Sales reports and calculations will be finalized by the [Payment Deadline] of the following month.
Sales Team Responsibilities
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Maintain accurate records of all sales activities.
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Collaborate with the finance department for commission calculations.
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Report any discrepancies or issues to the Sales Director promptly.
Review and Adjustment
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The commission structure will be reviewed on a [Review Frequency] basis to ensure alignment with company goals.
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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] |