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Pay plans – the documents that summarize how compensation will be calculated for commissioned employees – are a major source of confusion for dealers. Even worse, poorly written pay plans can cost you in the form of litigation alleging breach of contract or fraud.
While a newsletter article isn’t quite the same as advice from a consultant or legal counsel, we can provide you with an overview of what a good pay plan includes, along with tips for typical positions at a dealership.
If you don't like change, your’re going to like irrelevance even less.” This 2003 quote from General EricShinseki, chief of staff, U.S. Army, exemplifies the spirit of NAEDA’s leadership when they amended the association’s bylaws in September 2013. Let’s work together to embrace and initiate change within the association rather than wait and react to external changes.
Free Webinar to Watch on How to Achieve Greater Success in Hiring National Guard Members and Other Veterans