I have recently been posting my resume and it seems that all the positions that are posted in my career feild (mortgage/ finance/ credit) are mostly commision only now, what happened over the last five years to change things so drasticly ???
2007-07-19 03:47:21 · 6 answers · asked by nimisisprime 3 in Business & Finance ➔ Careers & Employment ➔ Other - Careers & Employment
It's a lot more cost effective this way for big businesses, end goal profit. This reduces cost for the bank and ensures the have only people capable of doing the job working for them.
Things are changing quite drasticly within the banking industry, for example bank branches open only for those who earn over £75,000 per annum by HSBC. Only certain type of accountholders can approach the counter at Halifax otherwise they have to use the self service all gearing upto to make bigger profits, it's a very unethical market in my opinion.
2007-07-19 03:52:57 · answer #1 · answered by By Any Means Necessary 5 · 1⤊ 0⤋
I have seen commission jobs to be more readily available due to not many takers for the high pressured, meet the daily quotas, pay based on how many sales you make position. Who wants to go to work day after day and have that to deal with ? NO surprise they are available. Another overwork and underpay until someone quits from being fed up or overstressed type of work principle. The one car dealership I once went to where the salesguy said to let them know if I needed any assistance at as they aren't paid on commission, he waited in the building while I looked around the lot was the one place I actually enjoyed going to.
2007-07-19 03:58:31 · answer #2 · answered by Anonymous · 1⤊ 0⤋
Employers have learned that to have productive employees, they have to be made to earn what they're paid.
An office full of folks chatting, eating, playing games and the like is not good for the company.
So, you pay them what they're really worth. Ergo, commission.
2007-07-19 03:51:44 · answer #3 · answered by Stuart 7 · 0⤊ 0⤋
Companies are looking to hire people who actually produce results in these roles, and are also looking at cutting costs. Commission only pay structures are a fantastic way to do this. They reward employees who make it happen, and force those who don't to seek other employment.
2007-07-19 03:53:13 · answer #4 · answered by Jamie G 2 · 1⤊ 0⤋
Too many people in debt, Sub Prime Mortgage companies going out of business, rising interest rates, fear that the housing bubble will burst...
2007-07-19 03:52:59 · answer #5 · answered by amysgetaways 3 · 1⤊ 0⤋
CAPITALISM AT ITS FINEST
2007-07-19 04:52:52 · answer #6 · answered by Anonymous · 1⤊ 0⤋