Salary or Commission?
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I work for a Mortgage Company as a loan processor and personal assistant to two loan officers. I found out last week that they don't want to pay me salary anymore because they have aren't closing enough loans. Now they want to move me to commission which is actually more than my salary was but my salary was guaranteed. If they do not close a loan then I do not get paid and I am not exactly at a place in my life where I can go without being paid. I tried talking to one of my bosses but that got me no where. WHAT SHOULD I DO?
Salary or Commission?unfortunately look for another job. In the interim, explain that you can't move to a 100% comission structure, and try and get some sort of middle ground. Figure out your basic bills and get that fixed at a minimum. I've seen this alot of times before and its usually does not end up pretty.
Salary or Commission?A sales commission is supposed to do two things:
Give you an incentive to make a sale.
Give you pay if and only if a sale is made.
If you are a loan processor/personal assistant, you are not the person bringing in the clients. You are merely getting the work done. If *they* don't close a loan, why should *you* not get paid. (The answer--they don't have enough money to pay you and themselves, so they are trying to figure out a way not to pay you.)
The bottom line--look for another job.
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