Commission schedule

A commission schedule outlines how salespeople or agents earn their pay based on the sales they generate. It specifies the percentage or amount they receive for each sale or the volume of sales they achieve within a certain period. This plan helps establish transparent expectations and motivates sales staff to perform well by rewarding their efforts directly proportionate to their results. Essentially, it’s a formal plan that details how and when commissions are paid, aligning compensation with individual and company sales goals.