Spokane, WA new hire comp: They pass test (I reimburse) then pay starts. Year 1: $40K & 10% comm. Year 2: $30K & 20% comm. Year 3: $20K & 30% comm. Year 4: $10K & 40% comm. Year 5: 50% comm. Thoughts?

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Posting as :
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No incentive to sell. That commission is weak.

Depends on what you are attempting to build. If you are looking to build a branch, where each person owns their book and operates it independently, then you'll need to increase the salary and splits since you are effectively trying to recreate what the wirehouses have done for decades.

If you want to create a team/business, then hire them, pay for their testing, train them, pay them a salary and bonus on first-year new revenue, and create one team practice.

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