Procedure that the sales executives be compensated

What is the procedure that the sales executives be compensated?

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The sales executives can be compensated through the given techniques:

i) Direct Salary: Here a fixed quantity of salary is paid to the sales executives on a monthly basis.

ii) Direct commission: Here the salesmen get just commission on each and every sale they make. Example: life insurance agents of companies.

iii) Combined plans: In this process, there is a grouping of straight salary and straight commission, thus the salesperson gets to enjoy both. Example: Most retail stores organizations employ salespeople on salary plus the incentives basis. This system as well acts as a encouraging factor for the sales force.

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