Most compensation plans are a hybrid of
different compensation structures and elements. Now that we have looked at some
of the compensation elements and compensation plans in the previous posts,
let's build a plan together.
When it comes to a
compensation plan, each one is different and each one is heavily dependent on
the following:
1. Product
type
2. Option for recurring billing
3. Available profit margin
4. Desired activity
5. Competitive environment
2. Option for recurring billing
3. Available profit margin
4. Desired activity
5. Competitive environment
For the sake of
simplicity and clarity, I will make a few assumptions in this example
compensation plan: Read More
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