Offer - Commission Compensation Terms ?
BLUF = Are these normal compensation commissions ?
I am a high tech traveling employee who services expensive electronic equipment 24x7x7. These positions pay very well. Salaries in the range of $85K to $ 130K are not uncommon.
I received an offer. In addition to a good salary, there are also commissions paid for any new business that might follow me to this new company.
I've never been paid a commission and don't know if these compensation terms are typical.
To make the math easy, assume a service contract costs $100K
Here are the commission terms offered to me:
I get paid 1.25% depending on how quickly the customers pays.
Days Past Due % of commission paid
0- 60 100
61 - 89 75
90 - 119 50
120 -179 25
> 180 0
What do you think ?