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workers compensation commission Tagged Articles
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What’s Wrong With Michigan Workers Compensation? Worker Who Defended Customer Left with $300,000 Medical Bill By McDonald’s
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| An employee working for McDonald's tried to help a customer, who was being badly beaten in the restaurant, was shot three times and had to undergo three surgeries which cost more than $300,000. The insurance company for McDonald's refused to pay the hospital bill. What's wrong here? |
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Other workers compensation commission Related Articles
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Ask the Expert: Partner and Alliance Manager Compensation
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| The debate continues to rage about the best compensation structure for partner managers. Recently BMG sat with a round table of chief executives, financial and alliance officers to discuss the merits behind the plethora of compensation structures available. The group didn’t agree on salary figures, commission percentages or bonuses, yet they did agree on one thing: the compensation structure MUST create the right motivation and this falls into two camps: strategic or tactical. |
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Insurance FAQ's
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| What is Workers' Compensation Insurance? |
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The "100% Commissions Motivate" Myth
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| There's a good reason why over 97 percent of progressive companies and service industry firms that I've consulted, use a form of a "hungry base plus commission" compensation plan for their sales professionals, rather than employing a straight commission pay structure. The reason is simple, straight commission pay plans demotivate many more sales professionals than they motivate. Straight commissions reward a specific type of sales professional--the top three to five percent of the sales professionals in the top 20 percent bracket. |
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Recession Proof Your Interior Design or Decorating Business
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| Maybe you’re one of the many trained interior decorators who have ended up working in retail for a 100% commission. If the economy gets worse and you’re working purely on commission, where does that leave you? Even in good times, if you work for 100% commission you might as well be your own boss and have the freedom to market yourself to new clients rather than being tied to any one store. |
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How To Avoid Caregiver Discrimination Claims
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| In April 2009, the Equal Employment Opportunity Commission ("EEOC") published its Best Practices to assist employers in complying with federal anti-discrimination laws as they relate to workers with caregiving responsibilities. The Best Practices are not binding on employers and do not make caregivers a newly protected category under federal law. Rather, these are suggestions from the EEOC to encourage employers to consider "the ways in which family-friendly workplace policies can improve workers' ability to balance caregiving responsibilities with work." The EEOC asserts that these recommendations may also benefit an employers' workers, customer-base and bottom line by improving employee retention, increasing profitability and reducing costs associated with high employee turnover. |
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What we Think About Sales Motivation is All Wrong
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| The bottom line - for your salespeople - is that everyone is different; everyone is motivated by different things and for those who are clearly motivated by money, and where you have a clear goal and focus for them, their compensation should and must be commission based. When you have people who are motivated more by recognition, awards, competition, time-off, public service, or philanthropy, your compensation program should be flexible enough to compensate them in an appropriate manner too. |
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Sales motivation and Compensation Planning
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| Performance based compensation works very well as a means of motivating sales people. Sales people who are paid commission, tend to be guided by their compensation plan. Read this before you redesign your sales compensation plan. |
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Investing in Workmans’ Compensation Safety Really DOES Pay
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| In tough times, when businesses are hunkering down and trimming the fat, one of the most common questions regarding workmans' compensation insurance is, “Should I really invest in safety?” We thought we should step back for a minute and consider how investing time into creating a safe work environment will have a much greater impact on your workers’ compensation rates than shopping carriers.
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Commission Only a Zero Sum Game
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| With so many organizations struggling to make budget many sales managers have recently emailed me about sales compensation. Many have asked about whether or not they should continue with salary positions or change over to commission only. |
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Is Workers Comp Better With a Professional Employer Organization or is Pay as You Go a Better Option?
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| The PEO is one of the first to offer a pay as you go option, which will help you manage your cash costs over time. Since the Professional Employer Organization and pay as you go plans are very similar, we will compare and contrast conventional workers compensation with pay-as-you go coverage. |
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