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Commission with Bonuses

If you earn a commission on every deal you close and a bonus once you hit your quota.

Updated over 4 years ago

To help you quickly get started with QuotaPath, we offer a template library of some common and effective comp plans. The Commission with Bonuses plan can be found under Sales Representative Plans.

A Commission with Bonuses plan is commonly used by Account Executives, Enterprise Account Executives, Senior Account Executives, Sales Executives, and Sales Reps.

Plan insights

Sales reps can be given bonuses for hitting certain targets, like exceeding quotas or for closing deals of a certain size.

A few examples

Below are a few examples of how this plan could be applied in a variety of industries and goods sold.

An Account Executive has a monthly quota of $33,000 ARR and earns a 10% commission of deals they close until they hit quota and 20% commission thereafter. They also earn a $1,000 bonus if they hit their monthly quota.

An IT Sales Rep has a hardware quota of $100,000 of revenue a quarter and earns 6% of deals they close. They also earn a $500 bonus for every $50,000 of revenue they sell.

An Insurance Rep has a resale quota of $20,000 of health plans per month and earns 0% of the premium of plans sold until they hit 50% quota, then 10% once they exceed 50% of quota. They also earn a $200 bonus for every plan they sell.

Let's take a look at how to set this up in QuotaPath

Plan Name: Commission with Bonuses
โ€‹Quota: $33,000 per month
โ€‹Commission Rate:
Under 50% quota attainment: 5% on all deals closed
50-100% quota attainment: 10% on all deals closed
100-150% quota attainment: 12% on all deals closed
150+% quota attainment: 15% on all deals closed

$1,000 bonus for hitting monthly quota

$1,000 bonus for hitting quarterly quota

If this template closely matches your comp plan, choose "Use this template." On the next screen, you can fully edit the plan, its name, and its Paths to make it an exact match to your comp plan. It's quicker than starting from scratch. The template library is also a great way to see all the plans QuotaPath supports!

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