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Accelerator Clauses 📈 What is it and why are they important when considering a new position with performance-based compensation? An accelerator clause, in an employment contract, is a provision that encourages employees to meet certain performance goals within a specific time frame. It outlines certain conditions under which a person's compensation or bonuses can increase at an accelerated rate. Usually, this clause is tied to performance-based metrics such as meeting or exceeding sales targets and/or achieving specific metrics. When these conditions are met, the person's compensation may increase beyond standard rates, providing an additional incentive for high performance. Essentially, it is a mechanism to reward exceptional performance by incentivizing employees to exceed their targets. Why are they important? Accelerator clauses can significantly impact a person's earning potential. Understanding how the clause works and what performance levels are required to trigger it, can help a candidate assess the potential income they can earn in a role. It can bridge a salary gap when taking a new position by offering the opportunity to earn additional income, making the overall compensation package more attractive and competitive. In many cases, the accelerator clause can double, if not more, your bonus once you exceed the specific sales threshold. Make sure you are taking into consideration accelerator clauses when looking at an entire compensation plan. #somethingtothinkabout #recruitingtips #hiring #candidates #hiringmanager #contract #compensation #talentacquisitions
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🏌️♂️ Success in Sales is Like a Round of Golf ⛳ In both sales and golf, every swing counts. Some days, you’re driving straight down the fairway, and others, you're stuck in the rough. But the key is staying focused, adapting your approach, and having the right tools in your bag. As a sales consultant with over 12 years of hospitality experience, I’ve learned that the same principles apply when helping businesses manage their HR and administrative challenges. Whether it’s streamlining payroll, navigating compliance, or enhancing employee benefits, it’s all about finding the right fit for each organization. At TriNet, I’m proud to partner with businesses—like golf courses—that are looking for solutions to help them thrive, both on and off the course. Here’s to hitting it straight and building success, one swing (or sale) at a time! #SalesTips #HRSolutions #TriNet #HospitalityIndustry #GolfAndBusiness #Caddyshack
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What's the difference between commission and bonus and which one is best? In this article we look at the differences between incentive structures, often referred to as Sales Incentive Plans (SIPs) and some of the things salespeople and employers have told us about which works best for them. #employeetips #salesincentiveplans
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What's the difference between commission and bonus and which one is best? In this article we look at the differences between incentive structures, often referred to as Sales Incentive Plans (SIPs) and some of the things salespeople and employers have told us about which works best for them. #employeetips #salesincentiveplans
What’s the difference between commission and bonus and which one is best?
thornhvac.co.uk
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What would you do with an extra £20,000 a year? 💰 Here’s what I’d do as a business owner: 👉 Increase the salary of my best-performing team members 👉 Invest in marketing 👉 Invest in training for my team 👉 Take a (very nice) holiday £20,000 is approximately how much you can save as a UK business per year by hiring just ONE person in Argentina full-time to support your team (vs a UK salary + some associated expenses). You’d save even more if you’re based in the US. And even more if you hired more than one person overseas. The truth is, you can do whatever you want with it. You could technically take an extra £20k salary per year. And that's fine. Building overseas teams isn't just about saving money, but that's definitely a MASSIVE benefit. What would YOU do with an extra £20,000 a year? 🤔 P.S. If you want to know how to get started with building an overseas team, DM me, happy to help! #recruitment #marketing #agency #hiring
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What's the difference between commission and bonus and which one is best? Employers can build attractive packages which can help make a difference when they are attracting high performers to work for them. But what's the difference between these incentives. Read our article to find out. #highperformers
What’s the difference between commission and bonus and which one is best?
thornhvac.co.uk
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Jo Everill HR works with many small business owners who are starting up their own business. Some have been previous contacts now setting up by themselves or new contacts looking for some help as they navigate their employment journey. There are quite a few steps to take until you get to the point of employing for the first time, but it's always good to be as prepared as possible. Here are some pointers for you; **Register your business, whether as a sole trader, limited company or partnership. **Dependant on the type of your business its important to check what other responsibilities your business may have such as licences or permits, for example to play music, sell food or to trade in the street, to sell goods online or abroad. **Research the correct types of insurance for your business, premises and location. **It’s important to check your responsibilities dependant on where your business will operate, for example from home or whether you will buy or rent somewhere and will have business rates to pay. www.gov.uk is an essential source of information to get you started if you are yet to set up or need to check on any of these points. Once you have these clear you will want to start looking at employing for the first time and getting in touch with me by DM or email to Jo@joeverillhr.co.uk so I can take you step by step. #hrconsultant #hrsupport #smallbusinesssuport #healthcarehr
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What's the difference between commission and bonus and which one is best? Employers can build attractive packages which can help make a difference when they are attracting high performers to work for them. But what's the difference between these incentives. Read our article to find out. #highperformers
What’s the difference between commission and bonus and which one is best?
thornhvac.co.uk
To view or add a comment, sign in