orion_joel
10-08-2008, 07:33 PM
Hi All, i have been thinking about a way to be able to hire staff without having to pay out huge amounts in wages before i even know if they are going to make me any more.
So i had some ideas that i thought may work but would like you idea's on if it would show good potential to someone or if i am dreaming.
Because i am in the IT industry the primary area that i would be hiring in is Technical service and Sales. Often times one or other misses out because companies want them to stay in their own area, however i think that this could be done different.
I am thinking of hiring on something like a $300/wk retainer, Offering 45% on Service revenue earned, plus 15% on Gross Profit for all other sales, for someone employed as a service technician and performing the service work. If they are employed as a Sales Rep they would get the same 15% on all sales including service. Although not to say if the sales rep was capable of doing service they could and make the same 45%.
So as an example the a technician i employed who achieved budget each week would expect to earn $79560 per year based on $15600 base salary, $44460 technical services revenue (meeting target of 20hours per week), Sales commission of $19500 (meeting $2500/wk Profit Target).
I wont go into more now as i am know this is already quite a long post, but i am interested in your opinions or ideas?
So i had some ideas that i thought may work but would like you idea's on if it would show good potential to someone or if i am dreaming.
Because i am in the IT industry the primary area that i would be hiring in is Technical service and Sales. Often times one or other misses out because companies want them to stay in their own area, however i think that this could be done different.
I am thinking of hiring on something like a $300/wk retainer, Offering 45% on Service revenue earned, plus 15% on Gross Profit for all other sales, for someone employed as a service technician and performing the service work. If they are employed as a Sales Rep they would get the same 15% on all sales including service. Although not to say if the sales rep was capable of doing service they could and make the same 45%.
So as an example the a technician i employed who achieved budget each week would expect to earn $79560 per year based on $15600 base salary, $44460 technical services revenue (meeting target of 20hours per week), Sales commission of $19500 (meeting $2500/wk Profit Target).
I wont go into more now as i am know this is already quite a long post, but i am interested in your opinions or ideas?