Commission

SOME S'PORE SMES TREAT THEIR EMPLOYEES WORSE THAN DOGS!

If you can, please share my story. It is about my job as a sales person in an SME (Edit: Small, Medium Enterprise). My boss is a very ngeow type of person. This I knew from the moment I joined the company. Although I was grateful to get a job immediately after poly, I also sensed something wrong when I saw colleagues keep changing and resigning very quickly.

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EXPOSED: HOW MUCH IS YOUR RICH INSURANCE AGENT EARNING FROM YOUR PROTECTION POLICIES?

As we can see from the table above, whole life and investment link insurance policies have the highest commission rates. In addition, an insurance agent would receive renewal commission for the next 5 years after he closes a sale. This means that as long as the policy is being renewed, the insurance agent will be able to get additional commissions for the next 5 years (albeit at a lower rate).

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PROPERTY AGENT: "WE DON'T HAVE STABLE INCOME EVEN IN GOOD MARKETS AND NOW, IT'S EVEN WORSE."

Agents often outnumbered viewers at showflats. In one case, there were at least 15 agents in attendance but only two families turned up over one hour. At another, 20 agents stood around with only a family of five at the showflat in over an hour. Mr Ng said he has encountered buyers who want multiple viewings at showflats without real intentions to commit. Another agent, Ms Loh, said: "Agents don't have a stable income even in good markets and now, it's even worse for us."

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