February 10, 2016

Revision of the outright commission policy

FOLLOW UP IMPLEMENTATION OF THIS SUGGESTION of revolving fund

The questions on the payment of travel allowance:

      1. Select screen recommend as to who will be collection agents:

          Honest

          With vehicles preferably;

     2. How much?

        P25.00 if the MA is less than P1,000;  P50.00 if amount is  more than 1,000.  If the collecting agent collects 500 x 2 months, he gets P50.000

    3. Where taken?

       From the revolving fund enumerated above/below;   the collection shall be deposited intact. via CV with the supporting docs

Jorge  U. Saguinsin
Senior Managing Director

The Holy Gardens Group - "THE MEMORIAL EXPERTS"

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On Mon, Jan 25, 2016 at 10:27 AM, Holy GardensGroup <holygardens.group@gmail.com> wrote:
TO     :    SFC
               SBU heads

Thru:      Madel
              GM

January 15, 2016

Subject:    Revision, upgrading of policy on outright commission,  commission for internal staff.  

1.  Outright commission

      Objectives:

      1.  To prevent losses from collection

      2. To order our processes and stick to the imprest system

    Reality:

    There were anomalies committed in the granting of outright commission.  Some former staff exploited this to commit theft of our collection

    This liberal granting of commissions did not produce the desired results:

     1.  More sales
     2.  Prompt processing of ppa

WTDN:

   1, The outright commission shall cease to be taken away from the collection;  the collection shall be deposited intact; 

   2.   The "outright commission" shall be taken from a Commission fund whose size maybe range from P30 to P50t depending on the season or timing or marketing campaign;

   3. Only duly accredited sellers with SEAD shall be entitled to outright commission;   Those without SEAD will be paid their com via checks using the regular AP mode

   4.   The process of paying outright commission from Cash Fund of commission;

         The sellers shall acknowledge the receipt of the com on a prenumbered CV:
with the following supporting docs:

        1.  deposit slip of the transaction
        2.   the copy of the PPA (probably orig) for approval by 3ffb Senior Officer
        3.  Copy of the PR or OR

    5.   The PC shall be replenished using the above 3 as supporting docs when the balance of the Commission Fund reaches 30% level

    6. Com for GE SSN and GL shall be paid via check.  3ffb AP (and presumably we have separate AP for other voluminous transactions (like IMP, and com.) shall pay the com in 7 days upon receipt of complete docs for COM

    7. All outright com and all other com are subject to BIR regulations, ie wt of 10% shall be deducted.  Proper instructions to the SBU staff shall be made.   

2.  Com for office staff:

     No com shall be granted to office staff (staff and officers) so as not to piss off sellers.

    Only prizes or ORC can be granted so as to preclude anomaly in outright com for office staff.  

     No further com for 

Jorge  U. Saguinsin
Senior Managing Director

The Holy Gardens Group - "THE MEMORIAL EXPERTS"

Please view the following sites of Holy Gardens group and share










CONFIDENTIALITY NOTICE/disclaimer:   The information contained herein is strictly confidential in nature and is the property of Holy Gardens Group and intended only for the intended recipient and its  reuse,reprinting or taking action other than the intended party is strictly prohibited. Holy Gardens assume no responsibility liability arising from such unauthorized use.

RRURAC:    Read, Respond, Understand, Reflect, Apply and Check
BIDDA:    BELIEVE INSPIRE DREAM DO ACHIEVE

Google.com+/HolyGardensGroup


1 comment:

  1. Acknowledge on your post Sir!
    We will follow the set policy on outright commission.

    Rocel CariƱo
    HGLUMP

    ReplyDelete

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