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3rd Interview
9
CAREER INTERVIEW
Compensation
How much money could you save?
CAREER INTERVIEW
Compensation
How much money could you save per month?
$125/m X 12 months = $1,500/yr
$1,500/yr x 50% = $750 FYC (First Year Commission)
$250/m x 12 months = $3,000/yr = $1,500 FYC
5 x $50/m or 2 x $125/m or 1 x $250/m = $1,500 FYC
$1,500 FYC x 4 weeks = $6,000 FYC per month
2 people saving $125/m
$6,000 FYC x 12 months = $72,000 Income
Training Allowance Subsidy
CAREER INTERVIEW
Compensation
Training Allowance Subsidy
$0.80 per $1 of FYC earned
i.e. $1,000 FYC + $800 TAS = $1,800 Income
Maximum of $2,320 per month + $450 for 6 cases = $2,770 TAS
2 people saving $125/m
$6,000 FYC
$2,770 TAS
$8,770 x 12 months = $105,240 Income
Expense Allowance
CAREER INTERVIEW
Compensation
Expense Allowance
$72,000 FYC = 18% Expense Allowance
$12,960 / 12 months = $1,080/m Expense Allowance
2 people saving $125/m
$6,000 FYC
$2,770 TAS
$1,080 Expense Allowance
$9,850 x 12 months = $118,200 Income
Renewals
CAREER INTERVIEW
Compensation
Renewals
Help clients save $100,000 per year
1. $50k FYC
2. $50k FYC + 6% ($6k)
3. $50k FYC + 6% ($6k) + 10% ($10k)
4. $50k FYC + 6% ($6k) + 10% ($10k) + 15% ($15k)
5. $50k FYC + 6% ($6k) + 10% ($10k) + 15% ($15k) + 20% ($20k)
$50k + $6k + $10k + $15k + $20k = $101,000