Invoxy can manage your consultant commissions to make pay day a breeze. You can set up custom commission plans to suit your needs under Manage > Commission Plans.
Click Add Plan and set:
Plan Name - A name for you to identify the plan by.
Placement Type - Which placement type this commission plan applies to. Set to All if it applies to all placements. Otherwise, you can set the plan to only earn commission for perm, contractor, or labour hire placements. Alternatively, you can choose Team if it's for placements with a specific label - you'll then need to select the appropriate label.
Sales Group - Which Sales Group the plan applies to. If set to All then the consultant will earn commission on all placements, regardless of the consultant's Sales Group. If set to Account Manager or Recruiter, the consultant will only earn commission for placements where their Sales Group has been set to the selected Sales Group, or to All.
Target Type - Whether the commission targets are based on Revenue, Gross Margin, or a Sales Target %. If this is set to Sales Target % then the Payment Basis setting will determine whether the Sales Target is Revenue or Gross Margin based.
Target Period - How long the commission should be calculated over (month, quarter, half-year, year).
Payment Type - Whether the commission payment is calculated based on Gross Margin, a Fixed dollar amount, or Revenue.
From there you add the targets with the following settings:
Target To - The upper threshold this tier applies to. The first threshold will, by default, be from $0 (or 0% for Sales Target commissions) up to the Target To threshold you specify. The next tier will be from the upper limit of the previous threshold, to the threshold specified on that tier.
Fixed Commission - A fixed commission amount the consultant should earn when they reach that tier.
Variable Commission - The percentage commission consultants should earn on all earnings falling within that tier.
You can have as many tiers as you like.
You can then click on the Consultant tab to add consultants to the plan for them to accrue the commission - they can be assigned to as many plans as you like.
As the Placements they are assigned to have time recorded against them, commission earnings will show up in the Commission tab.
Read more on running a Commission Batch here.
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