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When will be the retention bonus will be paid if a candidate joined TCS in the middle of the financial year. I.e September'22... Will that be paid on next year's September'23 Month only after completing an year in TCS?
And will the Retention bonus will also be considered as taxable income of the the current year taxes(2022-23)?
Looking for valuable suggestions!!!
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Not a red flag. A lot of people like 100% commission jobs because, normally, the upside is higher. However, I like the protection of having a base. I've had 60/40, 70/30 and 80/20 (base/bonus or commission) and have done well. Of course industry, location and company proficiency all play into the success equation too.
60/40 or 70/30is pretty standard
I personally prefer a 60/40 split. I enjoy a high base I can comfortably live on with plenty of upside. I assume it’s just on target earnings, and you can earn above the 40 with commission/bonus?
What industry? 50/50 is standard for SaaS
60/40 splits are usually wrapped around “farming” sales jobs (account renewals/named accounts/etc) and provide a bit of safety at a cost of upside. The closer you get to 100% commission; the more hustling you will need to do; the more “new business” you will need to hunt; and the more upside the job.
You need to decide for yourself; are you looking for as much money as possible or do you need some stability. I would focus around what are you selling; what your customer base is; and where is your industry lifecycle.
For example; if you are in medical/technology sales; the higher upside job may be a good fit. But the same may not be really said in office equipment (copier/printer). However, to answer your original question; nothing wrong with 60/40.
Thank you! This is exactly what I was looking for.
It means they don’t understand how to motivate and incentivize sales people. Major red flag to me.
My experience in SaaS says 60/40 is pretty standard.
I think that's pretty typical
60% of what ?
My guess is 60% of OTE is base and everything else is earned commissions
70/30 for the average
It’s standard but I prefer non commission. Our company does salary and our bonuses are based on meeting plan, but it’s adjusted for things like supply chain issues affecting our ability to sell
60/40 is standard. In prefer 40/60 though :-)