As opposed to "salary plus commission" - I know what that one means, but I've never heard of the former.
2006-06-29 07:49:26 · 7 answers · asked by ? 3 in Business & Finance ➔ Careers & Employment
Draw is an advance against your future commissions. You're expected to earn a certain commission amount, and so to keep you afloat, they draw a flat amount and pay that to you in expectation of your future earnings.
For example - if you met your sales quota you would earn $1000. So that $1000 is drawn against your commissions and paid to you.
Now, if you beat your quota and earned $1500, you would then get the $500 over your draw. If don't meet your quota and earn only $600, you then owe the company $400, which may be carried to the next month or forgiven.
2006-06-29 08:02:22 · answer #1 · answered by Thomas F 3 · 8⤊ 1⤋
Sales Commission Draw
2016-12-12 04:49:58 · answer #2 · answered by ? 4 · 0⤊ 0⤋
Commission-plus-draw plans: employee receives a specified salary each payday. The total amount the employee is paid on each payday is called a draw. Then at periodic times (such as each quarter) the total commissions due the salesperson are calculated. The draw is subtracted from the commissions due the employee. The employee receives the remainder.
2006-06-29 07:55:33 · answer #3 · answered by alwaysbombed 5 · 0⤊ 0⤋
People with hair loss are "follicle challenged" People who are short are "vertically challenged" People who are dead are "metabolically challenged" (yes I actually heard that one) The reasons for the change is over time some terminology turns into slang to mean something more rude than it was initially intended. For example, "moron" and "retard" used to be proper medical terms to describe someone who was "intellectually challenged", nowadays, its just an insult. I don't think its sugar coating anything. The situations are what they are. Call it whatever you want, it doesn't change what is true. No one is going to look at a short man and think he's less short because someone called him vertically challenged instead of "short"...
2016-03-16 21:30:24 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Thomas F is correct. You want to be extremely careful getting yourself into a position that pays in this manner. If sales are slow, you can end up in a bad financial situation. The reality is that you will never really know how much you are going to be making.
2006-06-29 08:17:53 · answer #5 · answered by Sharingan 6 · 3⤊ 0⤋
The money you bring in to the company plus a percentage of the sales.
2006-06-29 07:52:41 · answer #6 · answered by dj_cliffhanger 2 · 0⤊ 0⤋
pretty sure draw is another word for salary
2006-06-29 07:54:07 · answer #7 · answered by janeeneee 2 · 0⤊ 2⤋