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Your Opinion: Pay Method by NiteMare on 07-27-2006 at 03:55 AM

as some of you might know, i've been out of a job for acouple months, and recently gotten hired at "ClientLogic" working as a Frontier Technical support agent

anyways, durning my job search, i came across several types of pay methods:
-Wage($**.**/Hr)
-Salery($**,***/Yr)
-Commision(**% of each sale you make/close)

and still being new to the job world, i'd like to know your opinion on each type, and which you prefer

personaly i can't imagen working on commision, where your paycheck depends on how much you sell

RE: Your Opinion: Pay Method by qgroessl on 07-27-2006 at 03:58 AM

quote:
Originally posted by NiteMare
Wage($**.**/Hr)
-Salery($**,***/Yr)

Two best ways to go... Commission would suck cause you'd never know how much you're going to get. I'm new to the job world... so I couldn't tell you which of these would be better... I'd probably go with salary being better... It comes in more lump sums.
RE: Your Opinion: Pay Method by haydos on 07-27-2006 at 04:10 AM

In most cases, Commission can do you more bad than good. If you are a great agent and get lots of sales, it could work for you, but in most cases such a benefit is unlikely. Commission workers are great for business because employees often work that little bit harder to get an extra sale or two.

As for wage and salary, they are pretty similar, and it can depend on what chances you have of overtime or 'jumpy' hours. If you aren't sure that you will get a solid amount of hours week in week out, I would go for the annual salary. If you are confident of a solid number of hours (plus possibly overtime), I would definitely go for the wage per hour.

RE: Your Opinion: Pay Method by Adeptus on 07-27-2006 at 04:59 AM

quote:
Originally posted by NiteMare

-Wage($**.**/Hr)
-Salery($**,***/Yr)
-Commision(**% of each sale you make/close)

still being new to the job world, i'd like to know your opinion on each type, and which you prefer
They each have a place.

Hourly wages are usually paid to consultants, part time employees anywhere and full time employees of most "blue collar" and service jobs.  The benefit for the employee is that if they work more, they get paid more; if it turns into overtime (usually defined as time in excess of 40 hours per week), they are often paid at a higher rate for the overtime hours.

The downside for the employee is punching the clock, which some would find degrading.  The idea is to focus on work while on the job regardless how you are paid, but the hourly model particularly encourages fascist policies. Since you are paid based on time, any personal or non-productive use of it, however brief, is often equated to stealing in the mind of your average supervisor or middle manager.  These are the jobs where they might start noticing how long you were in the bathroom.  :P

Annual salary is usually found with higher skilled, higher responsibility full time jobs.  The downside of this model is that you may sometimes have to work late and don't get paid any extra for it. 

On the upside, however, your performance is judged more by results and less by nitpicking what you do while getting the work done or when you come and go.  This doesn't mean you will be able to get away with disappearing for hours and days, but since you are not paid on time, it is not likely anyone will follow you throughout the day with a stopwatch and notepad in hand.  This is what most people prefer.

Commission-only jobs are always big ticket sales, where each deal amounts to at least hundreds, often thousands of dollars in margins.  Typical examples would include selling cars, real estate, mortgage loans.  Often, the job involves going out and finding customers of your own, however you choose to do it -- including spending your own money on promotion. 

For those people good at that sort of thing,  who can generate a large volume, commissioned sales of certain products can be the highest paid job they could ever have -- at least without investing in an advanced degree and taking a lot of time to get to the top.  There is virtually no limit to what you can make; some of the top real estate agents have annual incomes comparable to Fortune 500 CEO salaries and we don't even know whether they have a highschool diploma. 

However, that kind of sales success is rare and newcomers often work their posteriors off for months before they make anything, followed by barely averaging the minimum wage for a long time.  It is definitely not a good idea for a temporary/summer job, nor is it something to get into when you are already financially pressed.

Sometimes you may encounter combinations of the above.  For example, a sales job with an hourly or annual base salary might come with a commission bonus, or an annual salary job might come with a provision for hourly overtime pay.
RE: Your Opinion: Pay Method by Nagamasa on 07-27-2006 at 05:20 AM

If I were you, I would go for wage. I spend almost my entire summer working in my dad's office (cause my dad's the boss) and I see people working up to 9, and according to my mom, some of her ex-coworkers say that they work almost overnight. (Work hours are 9-6) Since they get salary, they dont get $$ for OT, but you do for a wage (like I do, but I dont work in OT, I wait for my dad to go home...)

RE: Your Opinion: Pay Method by Chestah on 07-27-2006 at 05:26 AM

As already mentioned above they all have their place. If i was you i'd look at the figures they are going to pay you (ie you just gave us ***/*** :P) and work out how many deals or hours you'd have to sign/work to get the same amount as the salary. Do some maths and make a judgement then.

RE: Your Opinion: Pay Method by Discrate on 07-27-2006 at 07:11 AM

I think commision is good if your in a good job that your interested in. Just say your working at a tv store. And heaps of people came in and you sold them tv's you would get heaps of money. But if you have a wage or a salery it would not matter how much people you sold tv's to you would still get the same money.

RE: Your Opinion: Pay Method by NiteMare on 07-27-2006 at 07:52 AM

quote:
Originally posted by Discrate
I think commision is good if your in a good job that your interested in. Just say your working at a tv store. And heaps of people came in and you sold them tv's you would get heaps of money. But if you have a wage or a salery it would not matter how much people you sold tv's to you would still get the same money.
then again, if the demand for tv's goes down, so does your paycheck
RE: Your Opinion: Pay Method by Chestah on 07-27-2006 at 08:20 AM

Do you get a retainer with the commision, or is it purely comission based?

RE: Your Opinion: Pay Method by qgroessl on 07-27-2006 at 03:27 PM

quote:
Originally posted by Chestah
Do you get a retainer with the commision, or is it purely comission based?

Yeah... that's a good thing to know if you're going to be payed on commission.

quote:
Originally posted by NiteMare
quote:
Originally posted by Discrate
I think commision is good if your in a good job that your interested in. Just say your working at a tv store. And heaps of people came in and you sold them tv's you would get heaps of money. But if you have a wage or a salery it would not matter how much people you sold tv's to you would still get the same money.
then again, if the demand for tv's goes down, so does your paycheck

Yeah... if nobody goes in the TV store... you won't have anybody to sell TVs to... coworkers?... I doubt it :p
RE: Your Opinion: Pay Method by brian on 07-27-2006 at 04:04 PM

Comission isn't exactly just comission, you still get a LOW hourly rate + commissions..

RE: Your Opinion: Pay Method by NiteMare on 07-27-2006 at 04:05 PM

quote:
Originally posted by brian
Comission isn't exactly just comission, you still get a LOW hourly rate + commissions..
no, i went out for a job that was soley based on commision
RE: Your Opinion: Pay Method by absorbation on 07-27-2006 at 04:06 PM

Commision jobs are horrible. People will try anything to sell their product and you just would not be able to sleep at night (unless your an evil bastard, then will will sleep like a baby, a cute one at that). Salary tends to get you payed more, but at your age wage may be better :).