Commission Policy

Introduction:

At IM Hospitality, we value the contributions of our team in driving the growth and success of our services. To reward and motivate our representatives, we’ve established a competitive commission structure designed to benefit both the company and our dedicated professionals.

Commission Model:

Straight Commission

Commission Rates:

• Services: 10% for each deal successfully closed.

Performance Review:

• A performance review will be conducted every three months to assess the performance.
• Team members who meet their targets will be eligible for increased commission rates, with a maximum cap of 28% .

Tiers:

Tier Level	Minimum Commitment (Months)	Percentage
1	0	10%
2	3	13%
3	6	16%
4	9	19%
5	12	22%
6	15	25%
7	18	28%

Tier Review:

• Tier advancements and reductions will be reviewed every 3 months.
• If targets are not met or maintained for 3 months, the tier level will drop to the nearest tier based on the current achieved sales. Conversely, if targets are met or exceeded, the tier level will move up accordingly.

Eligibility:

• To be eligible for commissions, the client must sign a contract for the requested service. After that, the deal is considered closed.
• Commissions will be calculated based on the deal’s actual payment.

Payment Schedule:

• Commissions will be paid 30 days after the actual payment.

Policy Updates:

• IM Hospitality reserves the right to update or modify the commission structure policy at any time, and any changes will be communicated to the sales team in advance.

Policy Version 1.0 – Last updated on 30th July 2024