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What does O.T.E stand for?

  • 26-01-2009 6:09pm
    #1
    Bitsie
    Closed Accounts Posts: 734 ✭✭✭


    I am going for an interview for a sales & marketing job tomorrow and they say the salary is 'X' amount O.T.E. What does it stand for??


Comments

  • #2
    Doctor DooM
    Moderators, Music Moderators Posts: 25,872 Mod ✭✭✭✭Doctor DooM


    On target earnings. It means pay is performance related to some extent.


  • #3
    Mountjoy Mugger
    Registered Users, Registered Users 2 Posts: 4,487 ✭✭✭Mountjoy Mugger


    Over/On Target Earnings

    Probably on more than over though.


  • #4
    Bitsie
    Closed Accounts Posts: 734 ✭✭✭Bitsie


    Cheers lads!


  • #5
    herya
    Registered Users, Registered Users 2 Posts: 1,571 ✭✭✭herya


    O in OTE stands for On. You may want to ask them:
    1. what are your targets (think long and hard if they are realistic)
    2. what is your base salary.


  • #6
    jaffa20
    Registered Users, Registered Users 2 Posts: 4,565 ✭✭✭jaffa20


    I always thought this meant, over top earnings. Oops my bad :P:P


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  • #7
    tattykitty
    Registered Users, Registered Users 2 Posts: 267 ✭✭tattykitty


    I always thought it meant Owing To Experience?


  • #8
    Bitsie
    Closed Accounts Posts: 734 ✭✭✭Bitsie


    i guess ill find out for sure at the interview!


  • #9
    tunney
    Registered Users, Registered Users 2 Posts: 12,584 ✭✭✭✭tunney


    Over Time Expected is what one recruiter told me :)


  • #10
    BillyGoatGruff
    Closed Accounts Posts: 364 ✭✭BillyGoatGruff


    I was pretty sure it meant "Opportunity To Earn" as in for sales jobs and such.


  • #11
    Serafijn
    Registered Users, Registered Users 2 Posts: 375 ✭✭Serafijn


    DOE is Depending on Experience. OTE does mean On Target Earnings.

    You will normally get a base salary (often quite low) and then when you start you will have a target of x euro/sales per month. If you meet the target you get x % of this as commission. The base plus the commission is the figure quoted.

    It might also be worth asking if the commission is paid monthly or quarterly, and how quickly new staff get up to the level where they are meeting their targets.

    Good luck :)


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  • #12
    Maglight
    Registered Users, Registered Users 2 Posts: 281 ✭✭Maglight


    Serafijn wrote: »
    DOE is Depending on Experience. OTE does mean On Target Earnings.

    You will normally get a base salary (often quite low) and then when you start you will have a target of x euro/sales per month. If you meet the target you get x % of this as commission. The base plus the commission is the figure quoted.

    It might also be worth asking if the commission is paid monthly or quarterly, and how quickly new staff get up to the level where they are meeting their targets.

    Good luck :)

    Some companies offer commission on all sales and then an extra bonus on achieving targets. It's definitely worth checking exactly how it works, because if the base is low and your entire commission and bonus is dependent on hitting a target figure, you find it hard to achieve that in this market.


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