Compensation Plan
The
innovative Multigent Compensation Plan is designed to reward
Independent Associates with multiple ways to earn commission. They
include:
�
Permanent Placement Commissions
�
Interim Placement Commissions
�
Team
Placement Commissions
Commissions
Each Associate Role
in the staffing process is assigned a Performance Percentage�.
The Performance Percentages are equitably proportioned and 80% of the
generated revenues are paid in direct commissions.
Performance Percentage�
Distribution:
|
|
|
|
|
Candidate Referral Agent |
5% |
|
|
Candidate Agent |
15% |
|
Facilitated the
candidate posting |
|
|
Matching Agent |
10% |
|
Matched the
candidate and the job |
|
|
Job Referral Agent |
5% |
|
|
Job Agent |
30% |
|
Secured the job
requisition |
|
|
Placement Agent |
35% |
|
Facilitated the
placement |
|
|
Total |
100% |
|
Full Time Placement Commissions
The following
example is a breakdown of commissions for a permanent placement.
$80,000.00 (annual staring salary) x 25% (fee percentage) = $20,000.00
(placement fee) minus 5% ($1000.00) for the �Refer a Friend� program x
80% (commission percentage) = $15,200.00 (associate commission).
|
Associate Role |
Performance
Percentages |
Generated
Revenues |
Associate
Commissions 80% |
|
Candidate Referral
Agent |
5% |
$950.00 |
$760.00 |
|
Candidate Agent |
15% |
$2.850.00 |
$2,280.00 |
|
Matching Agent |
10% |
$1,900.00 |
$1,520.00 |
|
Job Referral
Agent |
5% |
$950.00 |
$760.00 |
|
Job Agent |
30% |
$5,700.00 |
$4,560.00 |
|
Placement Agent |
35% |
$6,650.00 |
$5,320.00 |
|
Total |
100% |
$19,000.00 |
$15,200.00 |
Interim Placement
Example
The following example
is a breakdown of commissions for an interim placement. $60.00 (hourly
rate to be paid to the employee) x 100% (mark-up) = $120.00 (bill rate
to be paid by the employer).
After deductions for
the �Refer a Friend� program, payroll funding program, payroll burden
and employee payout there is $40.09 (generated revenues per hour)
available for distribution. For a 40-hour workweek, the following
holds true:
|
Associate Role |
Performance
Percentages |
Generated
Revenues |
Associate
Commissions 80% |
|
Candidate
Referral Agent |
5% |
$80.16 |
$64.14 |
|
Candidate Agent |
15% |
$240.54 |
$192.43 |
|
Matching Agent |
10% |
$160.36 |
$128.29 |
|
Job Referral
Agent |
5% |
$80.16 |
$64.14 |
|
Job Agent |
30% |
$481.08 |
$384.86 |
|
Placement Agent |
35% |
$561.26 |
$449.01 |
|
Total |
100% |
$1,603.60 |
$1,282.88 |
Team Placements
Example:
In addition to
earning 80% of your generated revenues, you will also earn directly
and indirectly a total of 10% of the generated revenues produced by
your seven-team Associate Network.
| |
|
Associate
Network |
|
You |
1 |
2 |
3 |
4 |
5 |
6 |
7 |
|
80% |
5% |
2% |
5% |
5% |
5% |
5% |
1% |
|
|
| |
|
You will:
�
Have real-time commissions account access
�
Be
paid commissions as fees become liquid
�
Have the potential to earn more than what you can personally
produce |
Achievement Status
The
compensation plan is designed to reward personal and team performance
as you progress from one achievement level to another. Thus, your
income potential is not just limited to what you alone can do in a
typical workweek. By providing excellent training, on-going
facilitation, and personal development for your team, you will secure
your financial objectives and desired lifestyle much faster.
The
achievement status from one title to another, up to Senior Executive
Vice President, is based solely on performance.
|
|
|
|
|
|
|
|
|
Senior
Executive Vice President |
|
|
Personally referred 5 Members |
Once you have 3
Consultants in your 1st team your title is Senior
Consultant.
|
Once you have 3
Senior Consultants in your 1st team your title is
Manager.
|
Once you have 3
Managers in your 1st team your title is Director.
|
Once you have 3
Directors in your 1st team your title is Vice
President.
|
Once you have 3
Vice Presidents in your 1st team your title is Senior
Vice President.
|
Once you have 3
Senior Vice Presidents in your 1st team your title is
Executive Vice President.
|
Once you have 3
Executive Vice Presidents in your 1st team your title
is Senior Executive Vice President. |
