Business Terms and Jargon Explained
What is CommissionCommission is a structure of pay that is performance
related. This may be given as a percentage or a fixed sum when targets levels
are reached. Sales staff is usually paid on a commission bases. A small basic
may be given and they can increase their salary by meeting targets where they
get a percentage of the sales.
Commissions are given as an incentive to reach
targets and the best performers are rewarded with more money in commissions.
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Term created / updated 2005-07-16 23:12:15
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