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...
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...
The technology industry, and specifically software, continues to grow at a rapid rate. According to Gartner, the software market is expected to reach more than $1 billion by the year 2025, with business-to-business sales being a primary driver of this market. This is...
According to research by Statista, as recently as 2022, the travel industry was reported to be worth as much as two trillion dollars. It is one of the largest industries in the world based on employment, with an average growth of 12% over the past five years...
According to Allied Market Research, the global solar energy market was valued at $52.5 billion in 2018. Their research projects that the market value for this industry will continue to grow by as much as 325% over the next 3 years, which is a significant increase for...
Financial advisors earn their income through a combination of salary, commissions, and other incentives. Indeed wage surveys show that financial advisors earn an average of $17,800 annually through commissions and incentives. However, how a financial advisor is paid...
