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Cglass

Sales Dev

Contributor
Fire Starter

Commission after resigning

hey y'all - I'm new to the horrible/awesome sales world.  I'm resigning from a BDR position this week to take an excellent inside sales rep position elsewhere.  

my question is: will I still get July's commission at the end of august?  apologies if this is a rookie question.  my management sucks and I'm afraid to ask them. 
💰 Compensation
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CoorsKing
WR Officer
8
Retired King of the Coors Knights
Read your comp plan. I resigned last month, and in my comp plan "any earned commission is paid out on the regular schedule" which means I will get my last check at the end of this month.

This is totally different for every company, so the only way to know for sure is what your comp plan says. 
Cglass
Contributor
1
Sales Dev
Lol somehow forgot about the comp plan. First thing on my list for tomorrow morning.
CoorsKing
WR Officer
1
Retired King of the Coors Knights
You can also ask your HR team, you will most likely be assigned someone to do your offboarding.
goose
Politicker
0
Sales Executive
+1 came here to say this
JustGonnaSendIt
Politicker
0
Burn Towns, Get Money
Agree with BigMeech. Except, every company I've ever left has had a clause that you 'must be employed by the company at the time commission is paid to be eligible under this plan' - So effectively forfeit upon departure.

If you have any incentive stock options or 401(k) match, also read the fine print carefully. Usually there's a vesting period required for any ISO's or any employer match on retirement accounts, and you will likely be forfeiting some portion of those comp pieces if you have them also.
Ozz
Politicker
0
Account Executive
Yup, 100% comp plan and HR. Good luck. I left at at the first week of 2020 and was able to get my accelerators bonus because I "stayed the whole year". It was sneaky for me but it worked. haha
NotInterested
Catalyst
4
Business Development Manager
In my previous experience, you forfeit any commission
msp_sales
Opinionated
0
Full Cycle Sales
Especially if nothing was actually in writing yet. 
Swarthymovie
Arsonist
0
SDR
that must have hurt a lot 
NotInterested
Catalyst
1
Business Development Manager
Yeah.. Lost about $500. The company sucked so bad though, I didn't really care. Was happy to get out. 
Swarthymovie
Arsonist
0
SDR
then than company had to be really awful, iv'e been there

JesusChrist
Good Citizen
2
Sales Manager
Can go a few ways, gotta look at the contract to know what you’re entitled to… can I get an amen. 🙏
Swarthymovie
Arsonist
0
SDR
smart man, everything you can do and get will always be in the contract 
friendlyginge
Politicker
0
Account Executive
Likely not, also don’t expect a transition period. when I gave 2 weeks notices at both my BDR roles they let me go immediately 
msp_sales
Opinionated
1
Full Cycle Sales
My company does this too, but they will pay you on anything low funnel that comes in over those 2 weeks. So it's like a little paid vacation.
softwaresails
Politicker
0
Sales Manager
This is different for every org. Better to dive into the comp plan and see what’s written. 

My advice would typically be stay until you get the last big portion of commission and then bounce. 
kelun8
Politicker
0
AE
Even if your contract doesnt say so, they would give you what you’re owed if they want to leave on good terms with you. I’ve seen both, but definitely look over comp plan/speak with HR
Swarthymovie
Arsonist
0
SDR
that depends mate, some companies don't, the ones i've been don't, but maybe yours do, i suggest u to speak first with your sup to see what answers they give or check your contract if you have it 
DrunkenArt
Politicker
0
Sales Representative
You should get paid out on anything you've done at the company. That includes commission and earned PTO. If you have direct deposit set up, then you should get a commission only check that lines up with the company pay cycle. When I resigned from my last position, I had 3 months of additional commission checks coming in since that's how we were paid out. 
FromaBlankPerspective
Politicker
0
District Manager
Definitely varies by company. I spent a little time in recruiting and we always used to say that any good sales person leaves something on the table - sometimes it's a deal that hasn't quite closed yet, other times it commission, etc. 
CaneWolf
Politicker
0
Call me what you want, just sign the damn contract
Legally they owe you the money. Find out or you will get fucked over. I had to threaten the last place I left that I was going to contact the Dept. of Labor to get my money.
AnchorPoint
Politicker
0
Business Coach
READ YOUR COMP PLAN and expect nothing more and have to fight for what is rightly yours.
Cglass
Contributor
0
Sales Dev
Okay y’all we have an update! I successfully resigned today - my manager was bummed since I’m his top performer and have been for more than a year. Commission earned before my final day (7/27) will be paid out at the end of august. You all are excellent. Thank you!! Onward and upward.
AssistantToTheRegional
Politicker
0
Enterprise Account Executive
Always had to leave commission behind.
GDO
Politicker
0
BDM
Insigned a deal at my previous gig. And normally they would not pay me because I needed to be employed by them for the commission. 

When I asked where my payment was the VP just approved it. 

tbh it was only like 1k
sellingsellssold
Politicker
0
SDR
Yes you should get paid out for all your commission you earned, I would ask as this is important and if I were you I would want the money that I earned. 
CuriousFox
WR Officer
0
🦊
Update us. What happened?
Corpslovechild
Politicker
0
Inbound Sales Manager
It's all about the comp plan
Kosta_Konfucius
Politicker
0
Sales Rep
Most likely not

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