by Core Commissions | May 22, 2024 | Blog, Business, Guide
The benefits that a powerful commission management platform will provide compensation administrators are endless. The overly complex tasks involved in commission management leave many administrators grasping for anything that will alleviate their workload and reduce...
by Core Commissions | May 15, 2024 | Blog, Business, Guide
According to Precedence Research, the global medical device market was valued at $570 billion in 2022 and is expected to grow to $996 billion by 2032. With a rapidly growing and niche industry such as medical device sales, sales reps can have a much higher earning...
by Core Commissions | Apr 29, 2024 | Blog, Business, Guide
Commissions are the lifeblood of any sales team. They help motivate your team to perform their best, so ensuring that your commission calculations are accurate is crucial to maintaining that motivation. For simple commission plans, many organizations can use Excel...
by Core Commissions | Dec 15, 2023 | Blog, Business, Guide
A study conducted by Zippia showed that year-end bonuses are the most common type of bonus used by companies with 100 employees or less. The same study also found that approximately 33% of companies in the United States provide year-end bonuses to staff – a...
by Core Commissions | Sep 19, 2023 | Blog, Business, Guide
Variable pay is becoming a common component of many organizations’ compensation plans. In fact, a study by Salary.com showed that nearly 77% of US businesses utilize variable pay in their compensation plans. This is because many businesses are finding that variable...
by Core Commissions | Mar 21, 2023 | Blog, Business, Guide
The automotive industry is well-known for using commissions as a means to pay sales representatives. While sales reps do usually receive a base salary, commissions and other incentive pay contribute significantly to their paycheck. Depending on a car sales rep’s...