Smackdown
#NOcommission DISCUSS
16
Nothing excites me more then RESTRICTED stock units. Hopefully I last long enough to vest, I donโt leave the job so I lose my payday oh and the share price stays high.
Also, they better be handing out 250-300 RSUโs minimum to make this worth my time annually AND the share price needs to double annually.
This is the modern day equivalent of sharecropping.
"at Monday, we don't pay our team actual cash, we pay them in stock which fluctuates like farts in the wind". This is still "carrot/stick" based compensation, but their carrot is just a piece of shit.ย Also - Monday.com may have a high 'valuation' - but last I checked they were still burning hundreds of millions in revenue and aren't even close to profitability.ย
Profit first, valuation second (or third)
This LI post is laughable, fixed salary and RSUโs only on the assumption the share price will continue to go up and thatโll keep good sales people interestedโฆ ahh noโฆ not when every company ebbs and flows with the overall stock market sentiment. Commission PLUS equity thanksโฆ
โSales is a team sportโ might be the worst argument for this Iโve ever heard.
So is basketball, but LeBron gets paid because he contributes more than anyone else. Which is why anyone goes into salesโฆ to contribute and get paid based on the value of their contribution.
Not only does LeBron get paid more than other players, he gets paid more than the coaches, the marketing department, the sales team and the accountants.
Right.
Iโm certainly not saying that every sales person is LeBron - especially not saying that I am.
I just think that most sales professionals appreciate the opportunity to be a top performer and have their compensation reflect that.
If it was easy then everyone would do it.
Too many errors in the post for me to take it seriously. Pass.
Classic example of โthis companies done really well, thought they would be the future and will now spiral downhillโ
Fuck that
Fuck this and fuck Monday.com
I hate Monday.com as a tool anyway.
I had a rep at my current company go to Monday as a mid market AE and he lasted 8 months before saying peace out. The no commission thing is a boner crusher.ย
No thank you
Might work for some, but I think the majority of the community would pass.
Nah, will not happen. Salespeople want cash and know how stocks could fuck them over.ย
Imagine thinking this is an either/or issue.
At our place we have commission AND everyone in the company has share options. So everyone pulls in the same direction, supports growth and sales etc. But we also GET PAID FOR BRINGING IN REVENUE. I struggle to see how any top sales talent would work somewhere with no commission for any length of time.
Fuck Monday.com and the horse they rode in on.ย
At our place we have commission AND everyone in the company has share options. So everyone pulls in the same direction, supports growth and sales etc. But we also GET PAID FOR BRINGING IN REVENUE. I struggle to see how any top sales talent would work somewhere with no commission for any length of time.
Fuck Monday.com and the horse they rode in on.ย
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