Alex Can a commission be taken back by an employer?
However, if payment has been released to the salesperson, then the employer would probably have to initiate suite against the employee (using those terms loosely). Bankruptcy of the employer don’t require return of anything to the estate legally paid.
What happens if you don’t pay a commission?
The commission is contingent upon the sale being completed and the money being paid into the employer’s account. If the money never arrives or it has to be returned, then the company is out the money, and there’s nothing to pay a commission on. Paying commissions in advance is nice.
What was the company that was killed by one mistake?
An entire year after Facebook, when MySpace was but a wasteland, the app rolled out. Throughout the 90’s, Blockbuster was an entertainment juggernaut. It was the place to go to rent movies and video games and a decision seemingly made out of sheer panic began the company’s slow decline.
What are some of the biggest business mistakes in history?
These are some monumentally large and costly mistakes, but many of the companies and organizations involved are still around and in some cases thriving. It’s a reminder that rises and falls are a part of business and life in general. As the old saying goes, “Success is going from failure to failure without losing your enthusiasm.”
Why is it difficult to pay commissions to employees?
Paying commissions to employees is sometimes difficult because there are different kinds of commissions and different ways commissions can be paid to employees. A commission is any payment made to an employee, independent contractor, or agent, based on performance. Some examples of commissions:
An entire year after Facebook, when MySpace was but a wasteland, the app rolled out. Throughout the 90’s, Blockbuster was an entertainment juggernaut. It was the place to go to rent movies and video games and a decision seemingly made out of sheer panic began the company’s slow decline.
What happens if one company makes a mistake?
If one company can’t execute itself well, another one will quickly pop up and take its place and its profits. That is an extremely stressful prospect, so many businesses go through very careful planning to make sure that they can remain afloat and rise to the top.
Can a company charge you for a mistake in Mississippi?
Only if you agree (in writing) that your employer can deduct from your pay for the mistake, after the mistake has occurred, OR if you are found liable in a court of law for the damages. Mississippi has no state law on deductions, meaning employers can generally charge you for mistakes as long as they don’t reduce your pay below minimum wage.