Commission-only jobs are common within the sales industry, including recruitment, which means you are paid for what you sell rather than receiving a guaranteed income. For instance, in recruitment, you would be paid a commission based on the candidates you recruit for jobs, and for other sales roles, it may be based on products or services you sell. There are pros and cons of working on commission, and in this blog, we will delve into these so you know if a commission-only job is right for you.
Pros of Commission Work
If you have been offered a commission-only job, your first instinct may be to reject it. After all, you are not guaranteed an income. However, it is worth a few considerations. For example, are you experienced and have an excellent sales track record within the sector? Are the commission levels high enough to match your lifestyle? Before you even consider it, understand if it is feasible for you. Here are some of the pros of working on commission.
Motivational
If you thrive on working towards big goals, a commission-only role may be the right choice for you. The ability to work harder and earn more is an appealing prospect for many workers.
Higher Income
When you receive a standard pay package each month, there may be only one option to earn more unless you receive bonuses. Commission-only roles are usually much higher paid than other roles where a commission may be part of the overall package. If you are incentivised by money, a commission-only role can be a good option.
Flexibility
A commission-only role will offer you much greater flexibility. You will be able to work the hours you want and that you find to be most successful. For instance, you may prefer to get started early and finish early, or you may prefer to work in the evenings. The 9-5 schedule is only suited to some, so this can be a good alternative.
Cons of Commission Work
Although there are many advantages to working commission-only, there are also downsides to working on this kind of contract. These are some of the potential disadvantages.
Lack of Security
Working on commission can be risky, both in terms of job security and money security. Although there is a good earning potential, it is not guaranteed, which can make people feel uneasy about working in this manner.
Longer Hours
To earn a decent commission, you are likely to work much longer hours than you would with a regular 9-5 role. Longer hours suit some but not others, depending on how much time you will put into your working day. However, there is the bonus of working more and earning more.
No Holidays or Sick Pay
With commission-only roles, you will not receive holiday pay or sick pay. Quite simply, if you don’t work, you don’t get paid. It is one of the most significant constraints associated with working only on commission.
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