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Partnership pay is a smart approach to compensation for your sales people. It allows the people who make most of the company's income to share in that income. It also makes it clear where their salary comes from. It can be as simple as putting everyone on commission, or paying people for each job that they do. You can even give your employees a percentage of the net profits. If your catering sales people's salaries are based on the company's sales, they have a vested interest in increasing sales and improving customer service. If your catering sales people see this direct correlation between the sales they make and the money they earn, sales will definitely rise. Sometimes, employees will work extra hours. They may come in on their 'day off' or work extra hours in order to bring their commission dollars up. Commission can motivate your catering sales people! Partnership pay also motivates catering sales people to offer superior client service. Their attention and attitude often changes if they have more of a vested interest. Clients will give repeat business and refer your restaurant or catering business if they are properly taken care of by your catering sales people. That brings in more money for the company and for the employee handling the sale. These employees learn quickly that it's a lot easier to have repeat clients than to try to establish a relationship with a new client. This becomes a drive within your employees that motivate them to do well, and continue doing well. This kind of pay is not for everyone in the restaurant catering business. It takes self-motivated, self-reliant people to make it in this type of environment. It makes people more responsible for themselves and the work that they do.

For someone who is new to transferring money across borders, this may seem like a challenge at first. International transactions have many complexities, unlike local transactions. Cross-border transactions generally require the communication of two or more financial institutions with different systems and procedures. All of them charge some sort of fee that the initiator of the transfer has to pay. Currency conversion is almost always required, which creates the need to know the current exchange rates. Intermediaries and even your trusted bank can sometimes seem to try to scam you on the exchange rate or fees. However, sending money abroad does not have to look like a minefield. Meeting a few simple criteria can make your transfers almost effortless. Goals and means People generally don't initiate money transfers in a frivolous way. You would have a very good reason to send money abroad. Depending on the reason, you will know how much you need to send and when. Like most other actions, an international transfer is initiated with the end goal in mind. For example, if the requirement is to pay for the higher education of a young family member, your goal will be a specific amount (semester fees) and a specific schedule (deadline). Based on the exchange rate, you would calculate the amount you need in your local currency. You must then add the amount that your bank or other services would charge and arrive at a total. Determine the duration of the transfer (say, four days). Count down from there and you will have your date sent. Easy! The cost of convenience Common online channels for international wire transfers are banks, card payments and independent money transfer services. There are usually several channels for medium and regular transfers, each with advantages and disadvantages. Fewer channels are available for very large or urgent transfers. The choice of channel largely depends on the requirement. For example, suppose you live abroad and send money to pay

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You have cracked all the stages of the interview with flying colors. Now the company has called you for the final round - the salary negotiation round. How do you ensure that you get a good pay package without bowing out of the race for the job?

You have cracked all the stages of the interview with flying colors. Now the company has called you for the final round - the salary negotiation round. How do you ensure that you get a good pay package without bowing out of the race for the job?

The squeeze on big paydays for executives of bailed-out banks will probably leave Wall Street plenty of wiggle room. Consultants on executive pay say the caps imposed by President Barack Obama on Wednesday will probably apply only to a few executives - not star traders, brokers and salespeople who routinely earn whopping pay packages.

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Nearly half of Brisbane residents with internet access pay over $50 a month for premium web services, but a host of savvy browsers know how to access the web almost just as well, without paying a cent

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In the following discussion, let us explore some of these advantages in details. Take a close look at the below mentioned points.

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