Salespersons, account managers, and any other "rep" name used to describe those out there that generate the sales. What is your preferred compensation structure?
♦ W2 for steadiness in income
♦ 1099 for "sky is the limit" prospecting
♦ Sign job, then turn over for contractor departments to process, build, etc.
♦ Profit split, where you take care of everything in the job from sign up to build out
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W-2 Employee: This compensation structure offers stability in income and typically includes a base salary along with additional commission or bonuses based on sales performance. W-2 employees are provided with benefits such as health insurance, paid time off, and retirement contributions. They are subject to income tax withholding and the employer is responsible for paying payroll taxes.
1099 Independent Contractor: This structure offers more freedom and flexibility as independent contractors are considered self-employed. They have the potential to earn higher income since they typically receive a percentage of the sales revenue or a fixed amount per sale. However, they are responsible for managing their own taxes, benefits, and business expenses. Independent contractors don't receive benefits from the company they work for and usually have more control over their work schedule and methods.
we provide minimum country salary + percent of sale