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TO : SFC
SBU headsThru: MadelGMJanuary 15, 2016Subject: Revision, upgrading of policy on outright commission, commission for internal staff.1. Outright commission
Objectives:1. To prevent losses from collection2. To order our processes and stick to the imprest systemReality:There were anomalies committed in the granting of outright commission. Some former staff exploited this to commit theft of our collectionThis liberal granting of commissions did not produce the desired results:1. More sales2. Prompt processing of ppaWTDN: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 mode4. 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 transaction2. the copy of the PPA (probably orig) for approval by 3ffb Senior Officer3. Copy of the PR or OR5. The PC shall be replenished using the above 3 as supporting docs when the balance of the Commission Fund reaches 30% level6. 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 COM7. 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. SaguinsinSenior Managing DirectorThe Holy Gardens Group - "THE MEMORIAL EXPERTS"Please view the following sites of Holy Gardens group and shareBIDDA: BELIEVE INSPIRE DREAM DO ACHIEVERRURAC: Read, Respond, Understand, Reflect, Apply and Check
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.
Google.com+/HolyGardensGroup
Acknowledge on your post Sir!
ReplyDeleteWe will follow the set policy on outright commission.
Rocel CariƱo
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