Last Update: July 18, 2024
This Sales Incentive Policy is designed for Dcrayons Consultancy Private Limited and encompasses guidelines for incentivizing sales performance. Please carefully review this policy if you are categorized under sales personnel.
Minimum Sales Incentive Criteria
Sales incentives will be applicable when a salesperson achieves a monthly sales figure that is at least 2.5 times their current monthly salary. This is the minimum criteria for eligibility.
Incentive Calculation
Once the minimum sales criterion (2.5X of monthly salary) is met, the incentive will be calculated as 10% of the total sales amount achieved by the salesperson.
Performance Review and Continuity
- If a salesperson fails to achieve the minimum sales threshold (1.8X of monthly salary) continuously for three consecutive months, they may be considered as a non-performing candidate and could be asked to leave the organization.
- The decision will be based on performance reviews and discussions with the manager.
Referral Incentives
- Employees can refer customers to the company.
- Referral incentives will be 10% of the total sales amount generated from the referred customer’s first month’s payment only.
- This incentive will be paid to the employee who made the referral.
Policy Details
- Sales incentives are calculated based on achieving a sales figure of at least 2.5 times the monthly salary.
- Incentives are 10% of the total sales amount achieved.
- Failure to meet the sales target of 1.8 times the monthly salary continuously for three months may result in termination.
- Referral incentives apply only to the first month’s payment from referred customers.
- All incentives are subject to applicable taxes and deductions as per company policy.
Compliance
All employees are expected to adhere to this policy to maintain transparency, fairness, and motivation within the sales team.