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Calculating Monthly Incentives for an embroidery company

Team Incentive 2015
2014 15.684% Goal Monthly Incentive
January  $         157,242.72  $           24,661.95  $     181,904.67  $            500.00
February  $         155,611.34  $           24,406.08  $     180,017.42  $            500.00
March  $         211,966.87  $           33,244.88  $     245,211.75  $            500.00
April  $         170,008.82  $           26,664.18  $     196,673.00  $            500.00
May  $         203,705.86  $           31,949.23  $     235,655.09  $            500.00
June  $         241,699.43  $           37,908.14  $     279,607.57  $            500.00
July  $         251,475.50  $           39,441.42  $     290,916.92  $            500.00
August  $         192,749.58  $           30,230.84  $     222,980.42  $            500.00
September  $         213,024.13  $           33,410.70  $     246,434.83  $            500.00
October  $         268,198.14  $           42,064.20  $     310,262.34  $            500.00
November  $         185,074.56  $           29,027.09  $     214,101.65  $            500.00
December  $         342,533.32  $           53,722.93  $     396,256.25  $            500.00
 Goal  $ 3,000,021.92  $        6,000.00
End Of Year Incentive  $        4,000.00
Total Possible Incentive  $      10,000.00

 

Company Goal is $3,000,000.00

Monthly Incentive: Company must sell 15.684% from last year’s month.  $500.00 each month for meeting monthly goal. Total possible incentive is $6,000.00 for year.

Yearly Incentive: $4,000.00 for hitting the 3 Million in sales.

Total Incentives possible: $10,000.00

Chargebacks:

Rejected Orders: Will be removed from sales totals. Any error where we are replacing and redoing orders.

90 Day Past Due: Will be removed from sales totals.

Bad Debt (no payment ever): 50% of the bad debt cost will come out of incentives. I don’t see this as a problem.

Non-approved Discounts:  The order doesn’t count towards sales numbers.  Moving customers over on pricing, free art, digitizing. Check with Erik on discounts.

Samples: Use the 44 account.  Samples not returned: 50% of the cost is removed from group incentive.

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