White Paper

How to Create a Commission Payment Plan which Retains Employees

 
“Without employees, there can be no company, and certainly no success. In this sense, an effective business is like a biological organism, growing and developing while remaining reliant on its composite parts. The best organizations not only attract the best employees; they keep them there.

Commission payment plans and incentivized pay structures are key to achieving this. Follow the steps below and produce an effective plan which delivers your company a high-quality, highly-motivated workforce capable of meeting your growth targets.

Step 1: Preliminary Plan and Goal Assessment

An effective commission payment plan must reinforce the knowledge that your employees are valued, that their efforts and progress is recognized on an organization-wide basis. In addition to this, it must provide an incentive to workers to go above and beyond for the company and to exert extra effort in making the organization the best it can be.

Achieve this and you will attract and retain the brightest prospects in your field; fail to achieve this and you will suffer high rates of employee turnover and may struggle to acquire the right talent in key positions."

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