commission

(noun)

A fee charged by an agent or broker for carrying out a transaction; for example, a finder's fee.

Related Terms

  • Variable Pay

Examples of commission in the following topics:

  • Monetary Employee Compensation

    • There are different types of variable pay plans, such as bonus schemes, sales incentives (commission), overtime pay, and more.
    • Variable pay is common in industries such as real estate or insurance, where pay is based on commission or the amount of sales generated by the employee.
    • Employees who are performing particularly well during a year may receive an additional bonus that is above their base salary or commission percentage.
  • Reinforcement as a Management Tool

    • To this end, the manager may reward team members who gain clients of 5,000 or more employees with a commission of 5% of the overall sales volume for each such partner.
    • This reward of a 5% commission reinforces the behavior of closing big contracts, strongly motivating team members to work toward that goal and thus likely increasing the number of big contracts closed.
  • Whistleblower Protection

    • This legislation authorizes the Securities and Exchange Commission (SEC) to reward whistle-blowers (at companies that are required to report to the SEC) who provide information concerning violations of the federal securities laws.
  • Employee Compensation and Benefits

    • There are different types of variable-pay plans, such as bonus schemes, sales incentives (commission), and overtime pay.
  • Defining Organizational Culture

    • Selling cars is usually a commission business, where the salesperson is a central success factor.
  • Types of Organizational Branding Deliverables

    • Securities and Exchange Commission.
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