incentive is usually pay above ur base pay and commission is a percentage of what the company makes that is ur pay... incentive u will draw a check even if u dont sell... commission u dont sell u dont get a check
The major difference is that bonus mean something extra which is usually in cash and incentive is provided to motivate a person which may e in the form of extrinsic or intrinsic reward. However the purpose of both incentive and bonus is the same.
Commission is when you get paid on the amount of items you sell and a bonus is given usually once a year when the worker has met their performance targets so get given extra money.
Commission broker: usually works for a particular brokerage house and buys and sells stocks for the brokerage house on a commission basis.Floor broker: trades in the NYSE "pits" on behalf of a brokerage house. They get paid a salary.
Insurance agents get paid on commission. The usual range for commission is between 5% and 15% of the amount of the premium sold. The average commission is about 10%.
Is the same as the difference between middle and center
difference between broker and commission agent
commission
commission
commission
Commission Payable is Commission that you pay, Commission Receivable is Commission someone is paying you.
The word for the incentive pay received by a salesperson is COMMISSION. Other words might be percentage, brokerage, share, portion, dividend, premium, fee, consideration, or bonus.
The difference in job profile between a short service commission and a permanent commission within the Indian Army is the difference between getting paid only when in the military (short service) and receiving a state pension upon retirement (permanent commission).
commission
commission
Commission is the incentive pay received by a salesperson.
A salesperson earns commission.
commission