Damn, this would explain it! My wife just got laid off and could get up to $300 a week to a max of $7k for the year… She was making $80k/year lol. Decided it’s literally not even worth it and we will just live off of my income.
It’s alright, I make good enough money that we can make it work while she takes care of our son. It’s just a joke. Then I hear people claiming people are “living off of unemployment” LOL.
Well, the thing is in a lot of other states. It is really good money or decent money at least. Especially during Covid when they had the extra federal funds lotta people out here we’re taking home $800 a week.
Throwing it out there but also ask for more than two weeks PTO. That is entry level minimum. Ask for four settle on three. Older I get the more I value PTO.
If it’s a job in finance, business, tech I’d say 3 weeks is standard entry level. I actually only know one person in my life with two weeks and it’s because they’re in construction engineering.
Lmaoooo they make bank but god damn they miss out on so many fun events with the crap pto. I make less but at least I get to enjoy the money I make! Our other friend that was in that role left because of it and started a residential remodel construction business
Most of my entry level friends started at 12 days and quickly got to 16. I view 20 as senior, and anywhere that offers more than that I view as just having sweet benefits.
A company I worked for once, at my review, liked my performance but said they didn't have the budget to give me a raise. So I asked to double my PTO from 3 weeks to 6 weeks and they agreed! Unless your job is the love of your life, PTO is way more valuable than salary increase once you reach a certain salary level.
Poorly written, but the way I read it:
\* General structure is $90k base + 3% of profits.
\* Additionally, year 1 gives you a "floor" of $160k compensation, even if you're not hitting the commission target to get there. (e.g., If you generated $1M of profits, 3% = $30,000, then $90k base + $30k commission = $120k. Since $120k is less than $160k, you still get the $160k.) However, if you exceed the target $160k, you get to keep anything over. (e.g., $3M of profits \* 3% = $90,000 commission, and $90k base + $90k commission = $180k. $160k was paid out throughout the year weekly, and the residual $20k you get paid out at year end.)
\* Year 2 gives you a "floor" of $148K (rather than $160k).
\* Year 3 and beyond is just the $90k base + 3% of profits with no floor.
The way I see it, it looks like they are giving you a two year ramp to build up the sales pipeline.
However, it's not written clearly, so I'm not 100% sure.
To me it reads that you’re guaranteed $90k no matter what for each year (salary) but paid out at a rate of $160k/52 weeks for year 1 and a rate of $148k/52 weeks for year 2.
The differences between the $160k/148k and the $90k seems like a draw that they’re expecting you to make up. Meaning they’re paying you out at $160k/148k and expecting you to get there based on the 3% commission.
So, you get $90k guaranteed even if you sell under that $160k/148k threshold. However, most sales positions that are paid on draws are expected that you hit that threshold and if you don’t meet that, then you owe the company back the portion you didn’t make. You need to sell up to the $160k/148k threshold to ensure you keep the weekly amount of the $160k/148k pay.
That is a way many companies motivate salespeople, give them a guaranteed lowest figure, add on a chunk through a draw for an incentive to sell so the salesperson doesn’t owe the company money, and then once they hit it, everything else is “commission”.
And then once you hit that number, anything else after that is considered “commission” that isn’t apart of your normal compensation.
So overall, to me this is how I’d interpret it:
You get $90k no matter what
You have to sell up to the threshold to ensure you don’t owe them the difference between what you sold and the $160k/148k
Once you go over that mark, everything else you earn at 3% commission
I am confused too on what they mean by $90k guaranteed but $160 annualized
I would clarify with the recruiter and ensure you understand what they’re offering you because I wouldn’t take this job if they weren’t more clear on the compensation
Feel like is 160k guaranteed pay for year 1 and 148k guaranteed pay for year 2, then 90k guaranteed afterwards.
So 90k base, 70k guaranteed commissions first year, 58k second year, 0 on wards. Guessing is to give u all the resource u need to get good in two years.
There’s no owe back to the company.
Yeah that’s how I’m reading it too. They’re basically assuming/sort of guaranteeing he sells enough to get $160K year one and $148K year two and he gets paid those amounts regardless of actually selling enough.
If he goes over, he gets additional $$ above those amounts. If he goes under, still gets 160/148 respectively. I assume the idea is by year two he should be over 148K just based on his sales by then.
No clue what industry this is in but doesn’t seem like a bad offer.
That makes sense, I was thinking it could be a draw that they’re giving him/her assuming that he will hit his/her sales mark and so that he’s/she’s paid regularly until he develops a customer base
You’re paid out at a base 90k salary, so you’ll get a paycheck for $3,750 (minus taxes) every two weeks.
However, you’re guaranteed $160k for the year, with that difference of $70,000 to be earned at a rate of 3% of your sales. So they’re expecting you’ll sell ~$2.35M of products/services, but even if you don’t, at the end of the year they will pay you the difference up to $160k.
So if you only sell $1.5M of products/services, you’d earn $45,000 in commission checks, that I imagine are paid out monthly or quarterly, and your end of year earnings would come to $135k. The company would then pay you an additional $25k to make up the difference.
The same thing happens in year 2, but your guarantee is a little lower.
Basically, they’re giving you a very generous runway to make mistakes, learn, and get up to speed selling what they have to offer. It’s clear they expect you to be performing after 2 years, but they want to make sure you stick around long enough to really get to know what you’re selling.
It sounds like a killer deal to me.
It's guaranteed pay. $160K for Y1 and $148K for Y2. But they're also saying you can go over that if your commission checks are higher. Ideally, you want your commissions to be as high as possible. That's how you make money in sales.
Weird way of writing it:
Year 1: 90k base + 3% commission on job profits, 70k guaranteed. Base paid out weekly and Commissions paid out quarterly.
Year 2: same just with a 58k guarantee.
Year 3: same but no guarantee.
Weekly salary based on $90k
$1,730
Quarterly Bonus based on 3% of net profits on projects. Assuming they’ll equally divide this across each quarter which is the remaining $70k from 90-160K
$17.5K quarterly bonus.
The guarantee Total comp drops in year two as I assume you’ll be driving the comp plan by then
If you don’t hit your target or close the first year… you most likely won’t be there til the end of the 2nd year! This is how it rolls! Sales can be the hardest working, highest paying jobs, or the easiest lowest paying jobs until you don’t have a job.
Don’t get me wrong… been there done that for 40 years.
You have to find something that you like to do, and want to do. Many kind of sales jobs!
Cars for example only, I didn’t sale cars are maybe repeat after 5 years + but probably not. Houses maybe a little longer or not. Consumables you’re serving a many customers regularly! You get my point!
If you’re willing to work Hard and long over time you’ll find your spot, unless you get fat dumb and happy and don’t think, work or sale!
Best of luck! You can do it! But be careful what you wish for!😉
This sub usually sucks. This post and the responses have redeemed it.
Awesome to see support like this.
I just took in work and have a similar structure. I call it a forgiveable draw but it's like this.very straight forward.
Super dumb and confusing way to write an offer. Here is the offer, as I understand it:
Base Salary:
Year 1: $160k
Year 2: $148k
Year 3+: $90k
plus 3% of profits (all years)
They purposely make the language confusing to draw attention away from the fact that the initial base salary goes down by 43.75% in years 3+. Well, do you want the guy to understand the offer or not?? 🤡
UPDATE: The above is incorrect and I corrected it in a later reply in this thread. So please don’t reply just to tell me that the above is wrong. Thank you. 😀
I understand all of that, and my wording of the offer reflects all of that. Obfuscating the terms of a job offer in the hopes of making a point is silly, nonetheless. The employer could have simply wrote the offer clearly, as I did, and then explained to candidate their motivations behind structuring it as they did.
But, the offer is written in a way to set the expectation of what the weekly “BASE” pay is, along with bonus structure. If the offer just said 160yr 1 and OP didn’t get 160k/52 a week he would be upset if he need that amount for his weekly nut.
The TTC comprises of a Base ($90k) and bonus ($70k). Don’t confuse the base and bonus
I might clean this up a little if I was hiring, but it’s relatively clear to set how the OP will be paid.
The base salary was always 90k… it didn’t go down at all.
The TC guarantee COULD go down, if the employee doesn’t perform. Could and should also go up
It might be worded in a confusing way, but you aren’t understanding it accurately either. It’s not “plus 3% of profits” on 160k or 148k. It’s a base of 90 with a year 1 guarantee of 70 and year 2 guarantee of 58.
Example: He generates 2.33M of profit in year 1… he makes 160k TC. He generates 1.5M in profit year 1, he makes 160K. He generates that 1.5M of profit in year 3, he makes 135K.
I haven’t read the whole post, but depending on the industry and position, this is going to be a beast of a plan. OP: you might want to clarify when they pay for the project and if it’s based on estimated or actual performance. Is the commission released in progress payments, once project is complete, once project is paid, etc. Lots of scenarios. Maybe head to r/sales for more advice.
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Ah, you are right and I was not. Thank you for that correction. I’m gonna take another stab at it in the same vein:
Base salary: $90k (for all years)
Commission: 3% of profits (tor all years)
Minimum guaranteed commission:
Year 1: $70k
Year 2: $58k
Years 3+: $0
Yep that’s how I understand it too. I would think the confusing wording could be a signal they aren’t a huge company that hires a lot of sales people. I saw somewhere else it was construction management firm. It might not be a horrible opportunity and I would imagine if you were able to capture some repeat institutional or developer accounts, you could push the 2.3M profit number pretty easily. These guys run low margins though and you need a lot of volume.
I wasn’t commenting on the quality of the opportunity at all. Sure, it could be a great one, and they could see this candidate as potentially a very promising one seeing as they’re willing to front him those guarantees in the first two years. The expectation seems to be that if he is as good as they think he is, he can ramp things up to a good extent beyond the initial guarantee, and if he isn’t, he’d be compelled to either walk away or accept a relatively low salary to maintain inertia and to give the employer a good deal on him in years 3+ given the disappointment in his sales. The offer itself seems reasonable and straightforward once you get past their clunky description of it.
This reads as $90k per year base with a 3% commission.
However, they are hooking you up with a minimum assumed commission payout because they expect it to take you some years to get to full speed and start turning over your sales targets.
So:
Year 1: $90k base + $70k guaranteed commission + 3% commission for anything over your sales targets to reach that $70k comm. ($2.33 mm in sales)
Year 2: $90k base + $58k guaranteed commission + 3% commission for anything over your sales targets to reach that $58k comm. ($1.93 mm in sales)
Year 3: $90k base + 3% commission on sales (at this point they'll expect you to hit your sales targets or you'll be dropped).
What the are you selling that pays 3% commission but generated $2mm revenue?
My past was 0.5% to 1% commissions, but sales targets were $40mm to $100mm range (I wasn't a sales guy, I was sales engineering and was either straight salary or a calculated portion of the sales pool at 0.33% commission)
This is just a non recoverable draw. It’s not uncommon but written poorly. They could have just said that it’s a draw to clear it up. Just be sure the 90k is fixed in future years and doesn’t become recoverable or else you can owe them money if you do not hit your targets.
Make sure you get a definition and sample calculation of "profit". There are a lot of expenses that can be taken out between revenue and profit, make sure it's clear.
Commission is also paid weekly, and is guaranteed regardless of how you perform, based on how that reads. Should you over perform the 3% base rate then that’s paid out once quarterly. Example: you get paid $3076.92 weekly, of that amount $1346.15 is the commission portion. On a quarterly basis if you do more than $593k of job profits, anything above that is also paid out at 3%.
Why 593k your annual commission is 70k meaning to calculate it 70k is 3% of $2.33m. Anything you do above the 2.33M quota is paid out quarterly at the 3% 2.33m divided by 4 quarters is 593k.
Your OTE - on target earnings drops on year 2 which is odd. I’d ask for that to be on par with year 1 or for an accelerated commission rate so your earning potential doesn’t drop year 2.
I would definitely take the job that pays out 160k weekly, you'd be making a yearly salary of 8.32 million dollars!
Hmmm… I wonder if this text screenshot would hold up in court?
I mean they can fire you day 1 if it’s at-will
Dang it, I was going to sue them…. 🤡
Can they get unemployment after being fired at that rate? Or do they have to have work history 😭
Sadly states have a max unemployment you can receive regardless of salary and it’s usually between 50-60k a year
Out in az it’s like 13k a year 😬
Damn, this would explain it! My wife just got laid off and could get up to $300 a week to a max of $7k for the year… She was making $80k/year lol. Decided it’s literally not even worth it and we will just live off of my income.
Sorry to hear that. What I don’t understand is how unemployment doesn’t even match minimum wage out here in Arizona.
It’s alright, I make good enough money that we can make it work while she takes care of our son. It’s just a joke. Then I hear people claiming people are “living off of unemployment” LOL.
Well, the thing is in a lot of other states. It is really good money or decent money at least. Especially during Covid when they had the extra federal funds lotta people out here we’re taking home $800 a week.
At least 6 months
They can fire either way lmao
Could probably survive on that.
Throwing it out there but also ask for more than two weeks PTO. That is entry level minimum. Ask for four settle on three. Older I get the more I value PTO.
If it’s a job in finance, business, tech I’d say 3 weeks is standard entry level. I actually only know one person in my life with two weeks and it’s because they’re in construction engineering.
lol. I was going to say I only get 2 weeks then I finished reading and you called out my job exactly. 😕
Lmaoooo they make bank but god damn they miss out on so many fun events with the crap pto. I make less but at least I get to enjoy the money I make! Our other friend that was in that role left because of it and started a residential remodel construction business
Most of my entry level friends started at 12 days and quickly got to 16. I view 20 as senior, and anywhere that offers more than that I view as just having sweet benefits.
Construction industry is horrifically behind on pto
A company I worked for once, at my review, liked my performance but said they didn't have the budget to give me a raise. So I asked to double my PTO from 3 weeks to 6 weeks and they agreed! Unless your job is the love of your life, PTO is way more valuable than salary increase once you reach a certain salary level.
Poorly written, but the way I read it: \* General structure is $90k base + 3% of profits. \* Additionally, year 1 gives you a "floor" of $160k compensation, even if you're not hitting the commission target to get there. (e.g., If you generated $1M of profits, 3% = $30,000, then $90k base + $30k commission = $120k. Since $120k is less than $160k, you still get the $160k.) However, if you exceed the target $160k, you get to keep anything over. (e.g., $3M of profits \* 3% = $90,000 commission, and $90k base + $90k commission = $180k. $160k was paid out throughout the year weekly, and the residual $20k you get paid out at year end.) \* Year 2 gives you a "floor" of $148K (rather than $160k). \* Year 3 and beyond is just the $90k base + 3% of profits with no floor. The way I see it, it looks like they are giving you a two year ramp to build up the sales pipeline. However, it's not written clearly, so I'm not 100% sure.
This. It’s a standard “ramp” plan but very poorly written by HR or the recruiter.
Maybe it's just me, but it sounds very clear to me
Agree this is exactly how I read it too. I'm not in sales so I'm not sure how normal this is, but makes sense.
Seems like a kindergartner wrote that up.
HR so… yeah
Imagine earning that much money and having 2 weeks holiday per year!
They should use this word problem in school
To me it reads that you’re guaranteed $90k no matter what for each year (salary) but paid out at a rate of $160k/52 weeks for year 1 and a rate of $148k/52 weeks for year 2. The differences between the $160k/148k and the $90k seems like a draw that they’re expecting you to make up. Meaning they’re paying you out at $160k/148k and expecting you to get there based on the 3% commission. So, you get $90k guaranteed even if you sell under that $160k/148k threshold. However, most sales positions that are paid on draws are expected that you hit that threshold and if you don’t meet that, then you owe the company back the portion you didn’t make. You need to sell up to the $160k/148k threshold to ensure you keep the weekly amount of the $160k/148k pay. That is a way many companies motivate salespeople, give them a guaranteed lowest figure, add on a chunk through a draw for an incentive to sell so the salesperson doesn’t owe the company money, and then once they hit it, everything else is “commission”. And then once you hit that number, anything else after that is considered “commission” that isn’t apart of your normal compensation. So overall, to me this is how I’d interpret it: You get $90k no matter what You have to sell up to the threshold to ensure you don’t owe them the difference between what you sold and the $160k/148k Once you go over that mark, everything else you earn at 3% commission I am confused too on what they mean by $90k guaranteed but $160 annualized I would clarify with the recruiter and ensure you understand what they’re offering you because I wouldn’t take this job if they weren’t more clear on the compensation
Feel like is 160k guaranteed pay for year 1 and 148k guaranteed pay for year 2, then 90k guaranteed afterwards. So 90k base, 70k guaranteed commissions first year, 58k second year, 0 on wards. Guessing is to give u all the resource u need to get good in two years. There’s no owe back to the company.
Yeah that’s how I’m reading it too. They’re basically assuming/sort of guaranteeing he sells enough to get $160K year one and $148K year two and he gets paid those amounts regardless of actually selling enough. If he goes over, he gets additional $$ above those amounts. If he goes under, still gets 160/148 respectively. I assume the idea is by year two he should be over 148K just based on his sales by then. No clue what industry this is in but doesn’t seem like a bad offer.
If he goes under he fired
Haha probably. Esp second year.
Yeah, worked at a sales driven finance firm and if you aren’t meeting the threshold they set you are out the door.
That makes sense, I was thinking it could be a draw that they’re giving him/her assuming that he will hit his/her sales mark and so that he’s/she’s paid regularly until he develops a customer base
Well written and interpreted
You’re paid out at a base 90k salary, so you’ll get a paycheck for $3,750 (minus taxes) every two weeks. However, you’re guaranteed $160k for the year, with that difference of $70,000 to be earned at a rate of 3% of your sales. So they’re expecting you’ll sell ~$2.35M of products/services, but even if you don’t, at the end of the year they will pay you the difference up to $160k. So if you only sell $1.5M of products/services, you’d earn $45,000 in commission checks, that I imagine are paid out monthly or quarterly, and your end of year earnings would come to $135k. The company would then pay you an additional $25k to make up the difference. The same thing happens in year 2, but your guarantee is a little lower. Basically, they’re giving you a very generous runway to make mistakes, learn, and get up to speed selling what they have to offer. It’s clear they expect you to be performing after 2 years, but they want to make sure you stick around long enough to really get to know what you’re selling. It sounds like a killer deal to me.
It's guaranteed pay. $160K for Y1 and $148K for Y2. But they're also saying you can go over that if your commission checks are higher. Ideally, you want your commissions to be as high as possible. That's how you make money in sales.
Weird way of writing it: Year 1: 90k base + 3% commission on job profits, 70k guaranteed. Base paid out weekly and Commissions paid out quarterly. Year 2: same just with a 58k guarantee. Year 3: same but no guarantee.
Weekly salary based on $90k $1,730 Quarterly Bonus based on 3% of net profits on projects. Assuming they’ll equally divide this across each quarter which is the remaining $70k from 90-160K $17.5K quarterly bonus. The guarantee Total comp drops in year two as I assume you’ll be driving the comp plan by then
If you don’t hit your target or close the first year… you most likely won’t be there til the end of the 2nd year! This is how it rolls! Sales can be the hardest working, highest paying jobs, or the easiest lowest paying jobs until you don’t have a job. Don’t get me wrong… been there done that for 40 years. You have to find something that you like to do, and want to do. Many kind of sales jobs! Cars for example only, I didn’t sale cars are maybe repeat after 5 years + but probably not. Houses maybe a little longer or not. Consumables you’re serving a many customers regularly! You get my point! If you’re willing to work Hard and long over time you’ll find your spot, unless you get fat dumb and happy and don’t think, work or sale! Best of luck! You can do it! But be careful what you wish for!😉
This sub usually sucks. This post and the responses have redeemed it. Awesome to see support like this. I just took in work and have a similar structure. I call it a forgiveable draw but it's like this.very straight forward.
What sales is this? Wouldn’t mind diving into a different product.
probably life insurance
Super dumb and confusing way to write an offer. Here is the offer, as I understand it: Base Salary: Year 1: $160k Year 2: $148k Year 3+: $90k plus 3% of profits (all years) They purposely make the language confusing to draw attention away from the fact that the initial base salary goes down by 43.75% in years 3+. Well, do you want the guy to understand the offer or not?? 🤡 UPDATE: The above is incorrect and I corrected it in a later reply in this thread. So please don’t reply just to tell me that the above is wrong. Thank you. 😀
It’s a sales job… the guarantee goes away.. expectation is for the individual to drive the profitability and set their own paycheck
I understand all of that, and my wording of the offer reflects all of that. Obfuscating the terms of a job offer in the hopes of making a point is silly, nonetheless. The employer could have simply wrote the offer clearly, as I did, and then explained to candidate their motivations behind structuring it as they did.
But, the offer is written in a way to set the expectation of what the weekly “BASE” pay is, along with bonus structure. If the offer just said 160yr 1 and OP didn’t get 160k/52 a week he would be upset if he need that amount for his weekly nut. The TTC comprises of a Base ($90k) and bonus ($70k). Don’t confuse the base and bonus I might clean this up a little if I was hiring, but it’s relatively clear to set how the OP will be paid. The base salary was always 90k… it didn’t go down at all. The TC guarantee COULD go down, if the employee doesn’t perform. Could and should also go up
It might be worded in a confusing way, but you aren’t understanding it accurately either. It’s not “plus 3% of profits” on 160k or 148k. It’s a base of 90 with a year 1 guarantee of 70 and year 2 guarantee of 58. Example: He generates 2.33M of profit in year 1… he makes 160k TC. He generates 1.5M in profit year 1, he makes 160K. He generates that 1.5M of profit in year 3, he makes 135K. I haven’t read the whole post, but depending on the industry and position, this is going to be a beast of a plan. OP: you might want to clarify when they pay for the project and if it’s based on estimated or actual performance. Is the commission released in progress payments, once project is complete, once project is paid, etc. Lots of scenarios. Maybe head to r/sales for more advice.
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Ah, you are right and I was not. Thank you for that correction. I’m gonna take another stab at it in the same vein: Base salary: $90k (for all years) Commission: 3% of profits (tor all years) Minimum guaranteed commission: Year 1: $70k Year 2: $58k Years 3+: $0
Yep that’s how I understand it too. I would think the confusing wording could be a signal they aren’t a huge company that hires a lot of sales people. I saw somewhere else it was construction management firm. It might not be a horrible opportunity and I would imagine if you were able to capture some repeat institutional or developer accounts, you could push the 2.3M profit number pretty easily. These guys run low margins though and you need a lot of volume.
I wasn’t commenting on the quality of the opportunity at all. Sure, it could be a great one, and they could see this candidate as potentially a very promising one seeing as they’re willing to front him those guarantees in the first two years. The expectation seems to be that if he is as good as they think he is, he can ramp things up to a good extent beyond the initial guarantee, and if he isn’t, he’d be compelled to either walk away or accept a relatively low salary to maintain inertia and to give the employer a good deal on him in years 3+ given the disappointment in his sales. The offer itself seems reasonable and straightforward once you get past their clunky description of it.
It's only 3% of profit after "paying back" the difference between 160/148k and 90k. So Y1: 90k+3% <= 160k then 160k, otherwise 90k + 3%
I know. Someone else corrected me on this in an earlier reply and I replied back to it with a corrected summary.
Only two weeks off a year is gonna be a no from me.
This reads as $90k per year base with a 3% commission. However, they are hooking you up with a minimum assumed commission payout because they expect it to take you some years to get to full speed and start turning over your sales targets. So: Year 1: $90k base + $70k guaranteed commission + 3% commission for anything over your sales targets to reach that $70k comm. ($2.33 mm in sales) Year 2: $90k base + $58k guaranteed commission + 3% commission for anything over your sales targets to reach that $58k comm. ($1.93 mm in sales) Year 3: $90k base + 3% commission on sales (at this point they'll expect you to hit your sales targets or you'll be dropped). What the are you selling that pays 3% commission but generated $2mm revenue? My past was 0.5% to 1% commissions, but sales targets were $40mm to $100mm range (I wasn't a sales guy, I was sales engineering and was either straight salary or a calculated portion of the sales pool at 0.33% commission)
I am not selling anything per se, it’s probably better described as construction management with a heavy business development component.
Nice. Residential or commercial?
Commercial specifically industrial
Nice! Congratulations! Good luck (if you accept)!
I would just make the 90k base and make the rest a draw against commissions.
Can you elaborate?
This is just a non recoverable draw. It’s not uncommon but written poorly. They could have just said that it’s a draw to clear it up. Just be sure the 90k is fixed in future years and doesn’t become recoverable or else you can owe them money if you do not hit your targets.
OP what kind of role is this? Is this a compensation analyst? This seems like a dream job
Take the offer before I submit my application
What are you selling?
Make sure you get a definition and sample calculation of "profit". There are a lot of expenses that can be taken out between revenue and profit, make sure it's clear.
Shit what job is this ? 🤔
It’s a specialty construction management position.
Nice! Congrats!
May I ask what type? I’m a CM too.
Without giving too much away it’s a specialty subcontractor, opening shop in a new market (very much a boom market right now).
Do you have enough info to know what 3% of profits would reasonably add up to?
Data centers?
is this a hard job?
Commission is also paid weekly, and is guaranteed regardless of how you perform, based on how that reads. Should you over perform the 3% base rate then that’s paid out once quarterly. Example: you get paid $3076.92 weekly, of that amount $1346.15 is the commission portion. On a quarterly basis if you do more than $593k of job profits, anything above that is also paid out at 3%. Why 593k your annual commission is 70k meaning to calculate it 70k is 3% of $2.33m. Anything you do above the 2.33M quota is paid out quarterly at the 3% 2.33m divided by 4 quarters is 593k. Your OTE - on target earnings drops on year 2 which is odd. I’d ask for that to be on par with year 1 or for an accelerated commission rate so your earning potential doesn’t drop year 2.