On Tue, 11 Sep 2007, Gareth <gareth@capecod.net> wrote:
>donnie wrote:
>>I guess there is no moral at the top,
>>so not much to be expected from the
>>bottom.
>>
>>Soon all my ties with pos Verizon will be
>>severed. It will be the one of the single most
>>reconstructive days of my life.
>>
>>Cutting your Verizon ties too? Plenty of other choices. They are not needed.
>>Especially the attitude.
>>
>>And to think 2 years ago I almost invested in the
>>DRIP plan they have. Glad I did not do it. The stock
>>price is going to go down and stall. If you are invested
>>in Verizon sell now.
>
>I think they probably don't get paid enough. What do they make? 10-14
>bucks an hour. How are you supposed to survive in this economy on that
>kind of money.
As a recently departed VZW employee who worked with commissions, I can tell
you that the average retail sales rep has a base salary of around $12 per
hour, varying by geography (Zones 1 through 4). This is about 70% of their
base pay. The remaining 30% is considered "at risk", which means
"commission". VZW also provides spiffs from time to time. I have seen
commission checks for VZW retail employees as high as $12k for a month.
Typically, the highest monthly commission checks are around $5k to $6k per
month. The monthly targets of the sales reps are set to where the average
rep will make about 110% of their target. Now, do the math.
Incidentally, when a sales rep has a big month, a windfall policy goes into
effect. Which means that, by commitee, their commission checks can be
reduced pretty much at will. I have seen this happen many times. Also, a
sales rep is charged back the whole commission for either service or
features if the customer cancels during the "vesting" period. So if a
customer cancels the service after 364 days, the customers receives a
liquidation fee, but the sales rep gets screwed out of their entire
commission. This issue is in litigation right now in California:
http://www.gdblegal.com/press.php?article=25