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"Paying a bonus, not a commission... because people leave at the end of the quarter and you can save a ton of cash" I'm not sure I'd be comfortable with that k
by tomelders 12y ago
"Paying a bonus, not a commission... because people leave at the end of the quarter and you can save a ton of cash"
I'm not sure I'd be comfortable with that kind of policy. A fair days pay for a fair days work.
- sogen 12y agoThat's not comfortable, but a reality. i.e.: see point 23: "fire quickly" "You have to fire a decent amount of people in this business" "Looking across the 600 sales hires he’s worked with" (point 13) Sounds like a lot of firings.
- ianhawes 12y agoCompletely agree, especially when it comes to commission. The best salespeople will quickly sniff out the optimal commission/bonus structure, and I'd wager that they'd perform better under a commission versus a bonus.
- notahacker 12y agoEverything about this article is geared towards hiring fresh first-jobbers and hoping at least 25% of them won't be shit[1]. The best salespeople would run a mile rather than work for him. That said, the best salespeople would probably be happy with their commission being paid quarterly provided it was high enough. [1]For some markets this volume-based approach actually works; for others it'll make you a laughing stock.
- goombastic 12y agoI agree. That's just heartless.