Commission

The commission is an amount of money paid by an employer as a fee or percentage to an employee for a specific task or for bringing new business by selling goods or services of the company. Sometimes it is also referred to as sales commissions or incentives. In general, a commission can be earned by anybody and not only sales. The commission is paid over and above salary.

The percentage of commission is decided by the company’s policy that assures base salary and commission over a certain closure of deals.

The commission has various meanings in different aspects. A Commission is also known as an order to do a task and get paid after that. And a commission is a high-ranked position in the armed forces or a special committee to investigate something.

 

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