2006-10-01 22:53:11 · 20 answers · asked by killziggcath 2 in Business & Finance ➔ Careers & Employment
On Target Earnings. It is what you earn if you meet your sales targets. You could earn more or less than this depending on how well you perform.
There will also be a basic salary, which will be a lot less, and will be what you get if you don't meet any of your targets or make any commission.
Original Bubble: I like the way you write in nothing just to save number 1 spot, and then write the answer after, good tactic. If Y!A had an OTE I'm sure you'd be well on target ;)
2006-10-01 22:55:15 · answer #1 · answered by DS 4 · 2⤊ 1⤋
On Target Earning. But the figure they show is normally nowhere near realistic, or you have to be a super sales whizz.
Always have a basic wage, and if they say basic £12,00 OTE £50k, do not go for the job because:
A) they will expect amazing results from you and if you do not perform you will not be kept;
B) they may say, oh yes sch and such is earning so much on commission, ask why? Have they got high profile client etc? and C) Do not go for capped commision because you can guarentee you will probably earn more than the cap, if given the chance.
Good luck x
2006-10-01 23:05:50 · answer #2 · answered by natasha * 4 · 1⤊ 1⤋
On Target Earnings.
It really means very low basic salary, if any, and then work your guts out to try and hit targets that have been set without taking into account your experience, etc, thus realistically you will be earning your salary and maybe once a year will get a bonus/commission.
I know I used to work in sales, this is usually a rubbish job and you will have to work many hours to even come close to it!
2006-10-01 23:21:46 · answer #3 · answered by Nick B 3 · 0⤊ 1⤋
As many others have said 'On Target Earnings'. In essence you will receive a basic salary, however if you achieve your performance/sales targets you will earn a bonus or commission which is extra to your basic salary. Therefore your £OTE will be the sum of your basic salary plus your bonus or commission added together.
2006-10-01 23:02:51 · answer #4 · answered by Anonymous · 0⤊ 1⤋
On Target Earnings
2006-10-02 00:22:26 · answer #5 · answered by budhha 2 · 0⤊ 1⤋
OTE means On Target Earnings. It probably means you will have a small basic with commission that will boost it to the level quoted, so long as you hit the specified targets. I hope this helps.
2006-10-01 22:55:40 · answer #6 · answered by Andrew 4 · 1⤊ 1⤋
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2014-09-21 17:15:11 · answer #7 · answered by Anonymous · 0⤊ 0⤋
On Target Earnings. Bascially that is the amount of commission they think you can earn.
You may/may not get a basic salary, and then most of your income comes from commission. Its not always a realistic figure that they quote.
2006-10-01 22:54:18 · answer #8 · answered by OriginalBubble 6 · 2⤊ 1⤋
Hi ALW, The term "circa" simply means around. so if the salary is circa £30,000 you should be able to comfortably allow from £28k to £32k. This is only an example though. Hope this answers your question.
2016-03-27 01:52:24 · answer #9 · answered by Anonymous · 0⤊ 0⤋
Oppertunity to earn. It normally gives u an income that u r guaranteed to take home with you for example £12000 but if u reach there targets then u have will recieve more, you have the oppertunity to earn more this is normally shown with OTE£15000 for example
2006-10-01 23:05:22 · answer #10 · answered by pinkpetal86 2 · 0⤊ 2⤋