On Target Earnings

On Target Earnings

"On-track" or "On-target" earnings (OTE) feature in many job adverts, especially for sales-personnel. The typical pay structure may be composed of a fairly low basic salary with an additional amount of commission. The package will usually be called OTE or on-target earnings, meaning that if a salesperson hits specified targets, then they will get that amount of money. [ [http://www.careerone.com.au/jobs/job-search/get-that-job/ask-kate/OTE-and-FMCG-mystery OTE and FMCG mystery] ] While all commission plans are unique, it is not uncommon that achievement of sales targets results in higher commission rates on sales beyond target for the period in question.

On-target-earnings is the payment made to a sales executive for meeting specific targets. [ [http://www.secinfo.com/d11MXs.z3w2.8.htm SEC Info - Silicon Graphics Inc - 10-Q - For 12/24/04 - EX-10.6 ] ]

References


Wikimedia Foundation. 2010.

Игры ⚽ Поможем написать реферат

Look at other dictionaries:

  • on target earnings — ➔ OTE * * * on target earnings UK US noun [plural] UK HR, WORKPLACE ► OTE(Cf. ↑OTE) …   Financial and business terms

  • On-target earnings — On track or on target earnings (OTE) is a term often seen in job advertisements, especially for sales personnel. The typical pay structure may be composed of a basic salary with an additional amount of commission. The package usually involves a… …   Wikipedia

  • target — ▪ I. target tar‧get 1 [ˈtɑːgt ǁ ˈtɑːr ] noun [countable] 1. an organization, industry, government etc that is deliberately chosen to have something done to it: target of • There was persistent speculation that the company could be the target of… …   Financial and business terms

  • Target Corporation — This article is about the United States retail company and its stores. For the Australian retail stores, see Target Australia. Target Corporation Type Public company Traded as NYSE:  …   Wikipedia

  • earnings — noun ADJECTIVE ▪ high, record, strong ▪ low, meagre/meager ▪ average ▪ annual, hourly …   Collocations dictionary

  • Target Corporation — Logo de Target Corporation Création 1902 (Minneapolis, MN) Fondateurs George D. Dayton …   Wikipédia en Français

  • Target payout ratio — A firm s long run dividend to earnings ratio. The firm s policy is to attempt to pay out a certain percentage of earnings, but it pays a stated dollar dividend and adjusts it to the target as base line increases in earnings occur. The New York… …   Financial and business terms

  • target payout ratio — A firm s long run dividend to earnings ratio. The firm s policy is to attempt to pay out a certain percentage of earnings, but it pays a stated dollar dividend and adjusts it to the target as base line increases in earnings occur. Bloomberg… …   Financial and business terms

  • Target benefit plan — A target benefit plan is a type of pension plan that contains features of a defined contribution plan but is made to appear like a defined benefit plan. It is similar to defined benefit plan in that the annual contribution is determined by a… …   Wikipedia

  • Earnings Estimate — An analyst s estimate for a company s future quarterly or annual earnings. Future earnings estimates are arguably the most important input when attempting to value a firm. By placing estimates on the earnings of a firm for certain periods… …   Investment dictionary

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”