- published: 15 Mar 2012
- views: 1383
The payment of commission as sales people. Payments often will be calculated on the basis of a percentage of the goods sold. This is a way for firms to solve the principal-agent problem, by attempting to realign employees' interests with those of the firm.
One of the most common means of attempting to align principal and agent interests is to design a contract with incentives that track agent performance. The principal-agent theory provides an explanation for the dissimilarities across the marketing firms in the types of compensation plans used by them, such as fixed salary, straight commission or a combination of both fixed salary and straight commissions.
Although many types of commission systems exist, a common form is known as on-target earnings, where commission rates are based on the achievement of specific targets that have been agreed upon between management and the salesperson. Commissions are intended to create a strong incentive for employees to invest maximum effort into their work.
Commission may refer to:
The Salaries and Remuneration Commission is a Kenya government Commission established under the Salaries & Remuneration Commission Act, 2011. Its independence is guaranteed in the Constitution of Kenya.
The functions of the commission as defined in the act that established it are:
Salaries & Remuneration Commission
Court orders Salaries and Remuneration Commission to meet JSC to discuss sitting allowances
Cost of disbanding Salaries and remuneration commission
SRC announces new grades, salary groups
Person of Interest: Sarah Serem, The Salaries and Remuneration Commission - SRC Chairperson
Salaries and Remuneration Commission to review state officers benefits in a months time
Salaries and Remuneration Commission presents public views on wage bill
Mithika Linturi Why the Salaries and Remuneration Commission should be disbanded
KNUT Secretary is calling for the disbandment of Salaries and Remuneration Comission
REMUNERATION DE L'EQUIPE DE COMMERCIALE
TOWARDS FAIR COMPENSATION: Serem: Salaries will have to match output. Salaries Commission to develop rules of engagement.
The court has ordered the Salaries and Remuneration Commission to meet the Judicial Service Commission over capping of sitting allowances. The Sarah Serem led commission has one week to engage the judicial services commission and register with the court the outcome of the talks.
Watch KTN Streaming LIVE from Kenya 24/7 on http://www.ktnkenya.tv Follow us on http://www.twitter.com/ktnkenya Like us on http://www.facebook.com/ktnkenya Cost of disbanding Salaries and remuneration commission - In solidarity members of parliament are agitating for the disbandment of the salaries and remuneration commission. Their renewed threats have sparked debate over just what it would take to disband the commission or sack the commissioners all-together.
The salaries and remuneration commission has released a fresh job evaluation for all the public servants, abolishing several job grades while collapsing others. SRC chairperson Sarah Serem says the new structure will help tame the ballooning wage bill. Citizen TV is Kenya's leading television station commanding an audience reach of over 60% and in its over 12 years of existence as a pioneer brand for the Royal Media Services (RMS), it has set footprints across the country leaving no region uncovered. This is your ideal channel for the latest and breaking news, top stories, politics, business, sports, lifestyle and entertainment from Kenya and around the world. Follow us: http://citizentv.co.ke https://twitter.com/citizentvkenya https://www.facebook.com/Citizentvkenya https://plus....
Person of Interest: Mrs. Sarah Serem, The Salaries and Remuneration Commission - SRC Chairperson Watch KTN Live http://www.ktnkenya.tv/live Watch KTN News http://www.ktnnews.com Follow us on http://www.twitter.com/ktnkenya Like us on http://www.facebook.com/ktnkenya
Elsewhere, the salaries and remuneration commission will review the salaries and benefits of state officers in a month’s time. This is part of measures to reduce the wages to below 35 per cent. SUBSCRIBE to our YouTube channel for more great videos: https://www.youtube.com/KTNkenya Follow us on Twitter: https://twitter.com/KTNNews Like us on Facebook: https://www.facebook.com/KTNNewsKenya For more great content go to http://www.standardmedia.co.ke/ktnnews and download our apps: http://std.co.ke/apps/#android KTN News is a leading 24-hour TV channel in Eastern Africa with its headquarters located along Mombasa Road, at Standard Group Centre. This is the most authoritative news channel in Kenya and beyond.
Capping the wage bill to GDP at a comfortable ration and reducing the retirement age are some of the recommendations by the Sarah Serem led salaries commissions in taming Kenya's rising wage bill. Watch KTN Live http://www.ktnkenya.tv/live Follow us on http://www.twitter.com/ktnkenya Like us on http://www.facebook.com/ktnkenya
The Trade Unions Congress of Kenya is now calling for the disbandment of the salaries and remuneration commission accusing it of destabilize trade unions. Addressing the media today the general secretary Wilson Sossion claimed SRC is the hidden hand that is interfering with doctors and lecturers dispute negotiations. SUBSCRIBE to our YouTube channel for more great videos: https://www.youtube.com/KTNkenya Follow us on Twitter: https://twitter.com/KTNNews Like us on Facebook: https://www.facebook.com/KTNNewsKenya For more great content go to http://www.standardmedia.co.ke/ktnnews and download our apps: http://std.co.ke/apps/#android KTN News is a leading 24-hour TV channel in Eastern Africa with its headquarters located along Mombasa Road, at Standard Group Centre. This is the mo...
TOWARDS FAIR COMPENSATION: Serem: Salaries will have to match output. Salaries Commission to develop rules of engagement.
The court has ordered the Salaries and Remuneration Commission to meet the Judicial Service Commission over capping of sitting allowances. The Sarah Serem led commission has one week to engage the judicial services commission and register with the court the outcome of the talks.
Watch KTN Streaming LIVE from Kenya 24/7 on http://www.ktnkenya.tv Follow us on http://www.twitter.com/ktnkenya Like us on http://www.facebook.com/ktnkenya Cost of disbanding Salaries and remuneration commission - In solidarity members of parliament are agitating for the disbandment of the salaries and remuneration commission. Their renewed threats have sparked debate over just what it would take to disband the commission or sack the commissioners all-together.
The salaries and remuneration commission has released a fresh job evaluation for all the public servants, abolishing several job grades while collapsing others. SRC chairperson Sarah Serem says the new structure will help tame the ballooning wage bill. Citizen TV is Kenya's leading television station commanding an audience reach of over 60% and in its over 12 years of existence as a pioneer brand for the Royal Media Services (RMS), it has set footprints across the country leaving no region uncovered. This is your ideal channel for the latest and breaking news, top stories, politics, business, sports, lifestyle and entertainment from Kenya and around the world. Follow us: http://citizentv.co.ke https://twitter.com/citizentvkenya https://www.facebook.com/Citizentvkenya https://plus....
Person of Interest: Mrs. Sarah Serem, The Salaries and Remuneration Commission - SRC Chairperson Watch KTN Live http://www.ktnkenya.tv/live Watch KTN News http://www.ktnnews.com Follow us on http://www.twitter.com/ktnkenya Like us on http://www.facebook.com/ktnkenya
Elsewhere, the salaries and remuneration commission will review the salaries and benefits of state officers in a month’s time. This is part of measures to reduce the wages to below 35 per cent. SUBSCRIBE to our YouTube channel for more great videos: https://www.youtube.com/KTNkenya Follow us on Twitter: https://twitter.com/KTNNews Like us on Facebook: https://www.facebook.com/KTNNewsKenya For more great content go to http://www.standardmedia.co.ke/ktnnews and download our apps: http://std.co.ke/apps/#android KTN News is a leading 24-hour TV channel in Eastern Africa with its headquarters located along Mombasa Road, at Standard Group Centre. This is the most authoritative news channel in Kenya and beyond.
Capping the wage bill to GDP at a comfortable ration and reducing the retirement age are some of the recommendations by the Sarah Serem led salaries commissions in taming Kenya's rising wage bill. Watch KTN Live http://www.ktnkenya.tv/live Follow us on http://www.twitter.com/ktnkenya Like us on http://www.facebook.com/ktnkenya
The Trade Unions Congress of Kenya is now calling for the disbandment of the salaries and remuneration commission accusing it of destabilize trade unions. Addressing the media today the general secretary Wilson Sossion claimed SRC is the hidden hand that is interfering with doctors and lecturers dispute negotiations. SUBSCRIBE to our YouTube channel for more great videos: https://www.youtube.com/KTNkenya Follow us on Twitter: https://twitter.com/KTNNews Like us on Facebook: https://www.facebook.com/KTNNewsKenya For more great content go to http://www.standardmedia.co.ke/ktnnews and download our apps: http://std.co.ke/apps/#android KTN News is a leading 24-hour TV channel in Eastern Africa with its headquarters located along Mombasa Road, at Standard Group Centre. This is the mo...
Person of Interest: Mrs. Sarah Serem, The Salaries and Remuneration Commission - SRC Chairperson Watch KTN Live http://www.ktnkenya.tv/live Watch KTN News http://www.ktnnews.com Follow us on http://www.twitter.com/ktnkenya Like us on http://www.facebook.com/ktnkenya
Remuneration by way of “commission-only” is tightly controlled and regulated through the industrial award applicable to the real estate industry as well as the National Employment Standards. However, in 2016 commission-only employment is very much under the industrial microscope and its very survival is under threat. This webinar will examine the current state of play and, importantly, consider what the future may hold for this unusual yet popular employment arrangement. The webinar will assist agencies get it right when setting up and managing commission-only employment arrangements. It will of course examine the qualifications that must be satisfied for a real estate salesperson to be engaged on a commission-only employment as well examining the benefits and pitfalls of this type of emp...
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Was ist Give5 Club? Es geht hier um eine neue Online Plattform, welche die Funktionen von vielen Unternehmen wie (Facebook, Amazon, Google, Paypal, Ebay, Tipico, Scouts, Skype, Youtube, Twitter usw), welche jeweils einen Mindestumsatz von 1 Milliarde Dollar generieren. (Funktionen wie Facebook, Amazon, Google, Paypal, Ebay, Tipico, Scouts, Skype, Youtube, Twitter uvw.) Wie werde ich Member? Wie verdiene ich Geld mit dem System? Registrieren Sie sich auf der Website: http://goo.gl/WuZY01 Es muss ein Clubmitgliedsantrag online ausfüllt werden. Mit dem Mitgliedsbeitrag in Höhe von 59€ jährlich erhalten Sie Starterpaket von Give 5 Club: Dieser beinhaltet: • BackOffice • Gutscheine • Visitenkarten uvm. im elektronischen Format My benefits: • Participation in the remuneration system of the...
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Until now, most employers, relying on the UK rules, have limited holiday pay to basic salary (excluding overtime, commission and other allowances). In November 2014 a UK court ruled that employers should include non-guaranteed overtime, (in addition to guaranteed overtime) pay, and certain taxable allowances in workers' "normal remuneration" when calculating their pay for their minimum four weeks' statutory holiday each year. Employers may now face claims for past underpayments of holiday pay and should consider strategies for dealing with this development going forward. In this webinar we discussed what this means now for the business in the UK: - the nature of non-guaranteed overtime payments and any possible implications for truly voluntary overtime; - the nature of allowances paid ...