Commission With Draw Agreement
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FAQ
In sales, a draw is an advanced payout sales reps can receive as part of their compensation plan. A draw is typically paid from expected future commission earnings.
Draw against commission is a salary plan based completely on an employee's earned commissions. An employee is advanced a set amount of money as a paycheck at the start of a pay period. At the end of the pay period or sales period, depending on the agreement, the draw is deducted from the employee's commission.
A draw against commission is a type of incentive compensation that functions as guaranteed pay that sellers receive with every paycheck. The draw amount is typically pre-determined and acts similar to a cash advance for reps.
Getting paid on commission means that your job performance has a direct impact on your paycheck. A draw is a simply a pay advance against expected earnings or commissions. Sales commission structures are usually designed to give an employee some control over how much they earn during a certain time period.
For example, an employee receives a draw of $600 per week, and you give out the remaining commissions at the end of every month. When you give the employee their draw, subtract it from their total commissions. At the end of the month, you would pay the employee any remaining commissions.