Preview

Binary Compensation Plan

Powerful Essays
Open Document
Open Document
5224 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Binary Compensation Plan
Binary Compensation Plan A t USANA Health Sciences, we are dedicated to helping you achieve your own personal success. For this reason, we have invested considerable time and money in developing a compensation plan that gives every Associate the best opportunity for network marketing success—a plan that establishes a departure from the traditional multilevel marketing requirements of heavy sponsoring and large group volumes. for developing immediate income for your business while you build a long-term base of satisfied customers. In fact, many of your best Associates will likely come from the ranks of your retail customers. Weekly Commissions

Commissions are paid on whole increments of the balanced Group Sales Volume (GSV) accumulated in your left-side and right-side organizations (see Weekly The USANA Binary Compensation Plan eliminates Commission Payout Schedule on page 3). Unlike other many of the pitfalls that plague traditional network compensation plans, extra volume of up to 5,000 marketing plans. Following are just a few of the benefits points on each side is carried forward. As you develop of the USANA Binary Compensation Plan: an organization of Associates and Preferred Customers, • By building a downline of Associates and developing a you become eligible to earn commissions and bonuses. strong base of customers, you can begin to realize When you and the other Associates in your organization financial success. generate sales volume through downline and Preferred Customer sales, you can receive commissions from your • There is greater depth from which you can earn Group Sales Volume. Through the USANA Binary commissions. Compensation Plan, you can begin to create long-term • Commissions are paid weekly, motivating new financial success. Associates to immediate success. • Your upline has an incentive to work with you to help Matching Bonuses you build your downline. Associates can receive up to a 100% Matching Bonus for eight months (32

You May Also Find These Documents Helpful

  • Satisfactory Essays

    Nt1310 Unit 5 Assignment

    • 532 Words
    • 3 Pages

    First of all, it can charge more to its customers. This leads to more profitability for the business in the long run.…

    • 532 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    AB220 Unit 8 Assignment

    • 1036 Words
    • 4 Pages

    There are maybe established customers, a reliable income, a reputation to capitalize and build on and useful network of contacts.…

    • 1036 Words
    • 4 Pages
    Good Essays
  • Better Essays

    JOT2 TASK 1 Raveed

    • 1219 Words
    • 2 Pages

    be sold en­masse over a course of a three day period. Consignors receive revenue from their…

    • 1219 Words
    • 2 Pages
    Better Essays
  • Powerful Essays

    BUS 310

    • 3150 Words
    • 11 Pages

    Proposed compensation strategy: The compensation mix consists of three components: base pay, indirect pay and performance pay. The largest part of compensation package in the company will be base pay. The salary will be calculated on monthly basis. In this industry much depends on employees performance: how they treat customers and how they perform their job duties. That is why part of their salary will depend on their performance results. Performance pay will consist of two parts and coincide 10% of total billings. I will give this bonus to technicians, set the goals every two weeks, set achievable goals on the amount of sales and split the bonus equally between the group. In order to work well this plan must be designed with input from employees. Last part of the commission mix is indirect pay plan that will be fixed benefit system where all employees are covered by a standard package of benefits (Long, 2010 p.445). It will include mandatory benefits, health benefits, pay for time not worked and miscellaneous benefits.…

    • 3150 Words
    • 11 Pages
    Powerful Essays
  • Good Essays

    Unit 206 Business Admin

    • 1021 Words
    • 5 Pages

    Although it is our goal to be the best and not necessarily the biggest or the most profitable, our success at satisfying customers and motivating employees will bring growth and long-term profitability.…

    • 1021 Words
    • 5 Pages
    Good Essays
  • Good Essays

    Rjet Task 1

    • 6987 Words
    • 28 Pages

    Sales commissions also were up 33.3% in year 7 from year 6. This is a positive trend for CB because the sales personnel should be awarded commissions from having such a high year in sales. This will also ensure that the sales department will keep its…

    • 6987 Words
    • 28 Pages
    Good Essays
  • Good Essays

    Cardon Carpet Mills Case

    • 496 Words
    • 2 Pages

    1. Expand its market share in contract sales segment throughout the US. Employ ten sales representatives to seek potential institutions and businesses throughout all of the US. Compensate these personnel based on commission, that is, the amount of clients they contract to the business.…

    • 496 Words
    • 2 Pages
    Good Essays
  • Better Essays

    In light of the company’s merger and new strategic direction, a revamped compensation plan for the sales team is needed. Compensation plans should be tied to a company’s strategic mission and “should take their direction from that mission” (Cascio, 2005). This memo will discuss the details of the new compensation plan and illustrate how it will fulfill this goal. It will also specifically address the anticipated benefits of the plan for individual employees and company at large. The memo will describe how the proposed salaries, incentives, and benefits will facilitate the long-term goals of InterClean.…

    • 1258 Words
    • 6 Pages
    Better Essays
  • Good Essays

    The Virginia Plan, drafted by James Madison and proposed at the Constitutional Convention by Edmund Randolph, was to install a national government with a bicameral legislature and was to be comprised by representative that held seats, in the new congress, in proportion to each states population. After the delegates at convention accepted the Virginia Plan as a basis to build on the national government, debate quickly arose against the share of distributed legislative power the northern states would have over the southern states to make national policy. This was due to the northern states having much larger populations than those of the south, but since the southern states had amassed a large number of slaves, it was believed that the southern representation in congress should also include the slave population. The northern states were opposed to this idea given that slaves were generally…

    • 469 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Pre-Paid Legal Services

    • 805 Words
    • 4 Pages

    Also it is a scheme that serves as an incentive for the associates so that they create more new memberships.…

    • 805 Words
    • 4 Pages
    Good Essays
  • Better Essays

    a large amount of customers has a very successful marketing, with good operation and is able to…

    • 915 Words
    • 4 Pages
    Better Essays
  • Good Essays

    The compensation structure should reflect the company business plan and goals by placing a priority on customer service, repeat business, new client referrals, and safety. What the company can afford to pay and implementing programs to reward performance that align employee compensation with the success of the company should be the basis of the compensation structure (Cascio, 2013, p. 419). The compensation structure should keep fixed labor costs low and place emphasis on benefits, incentives, and merit based-pay. The correlation between employee compensation and the…

    • 1028 Words
    • 5 Pages
    Good Essays
  • Better Essays

    Total Rewards

    • 1506 Words
    • 5 Pages

    Phoenix, T. (2006). Rewards Transformation: Understanding the Internal Total Rewards Marketplace. Benefits & Compensation Digest, 43(9), 1-14.…

    • 1506 Words
    • 5 Pages
    Better Essays
  • Good Essays

    The development of a total compensation strategy creates and influences a collective culture, offers corporation- and company-wide shared rules and directives, advances the implementation of the business strategy and promotes performance and results orientation.…

    • 1114 Words
    • 5 Pages
    Good Essays
  • Good Essays

    Globalization and economy downturn are forcing companies’ to structure their benefit programs differently. Before some companies had a wide array of compensation for employees, but that has changed and these companies had to find ways to cut cost of benefits offer to new employees and find new programs to retain their current employees. Companies are basing their compensation and benefits programs on the economy decline and are attempting to contain staff sizes, payrolls, and benefits costs. On the other hand, small businesses have hard time competing with large companies (Cascio p. 463) because they have limited resources. For instance, BC Laboratories has been in business for more than 50 years and for the past two years has been struggling because business has slowed down. The company had to restructure the organization and combined some of the positions to save money and stay in business. Their employees’ morale is low and lately they have had high employee turnover. The human resources department has presented a new compensation and benefit proposal to the BC Labs owner. Because BC Labs is going through hard times, a non-monetary incentive program has been proposed without affecting the company’s budget. This will increase employees’ morale and their motivation, yielding positive results.…

    • 756 Words
    • 4 Pages
    Good Essays