Commission/ Incentive Calculator

Description:

*INCENTIVE POLICY* : > When employee hits its 50% of sales goal, then employee become eligible for 5% commission. > When employee hits its 100% of sales goal, then employee become eligible for 10% on the balance 50%. > Anything over and above the annual sales goal makes the employee eligible for 15% commission on additional revenue. *CONDITIONS* : Â·Â Â Collection within 30 days of due date with a 14 day grace period will be calculated @ 100% of incentive calculation. Â·Â Â Collection beyond 45-59 days of due date will be calculated @ 50% of incentive calculation. Â·Â Collection within 60 to 89 days of due date will be calculated @ 25% of incentive calculation. Â·Â Â Collection beyond 90 days of due date will not be considered for incentives. Â·Â Â All incentives to be paid only after 100% collection. Â·Â Â Commissions are paid quarterly. #xlsx

Submitted By:

Ankit Saini

on 09 April 2018

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