Update Employee and Vendor Referral Bonus Inputs
Introduction
1Stop makes it easy manage agreed to referral bonus percentages or referral fixed fees for every Employee and/or Vendor. This article provide an overview of how to update these predetermined amounts for each respective group.
Video Summary
Update Employee Referring Bonus Percentage & Fixed Amount Fields
The following fields are located in the Employee's Personal Information section. Once a new Contact they refer or helped generate completes a sale with your company, the fields (if populated) will be copied to the Referral Bonus record associated with the Employee.
- Referral Bonus Percentage: Use this field if you have agreed to pay the Employee a specific bonus percentage on any sales associated with Contacts they referred or assisted in generating. Enter the percentage as a whole number. For example, if the percentage was 10% you would be entered as 10.
- Referral Fixed Bonus: Use this field if you have agreed to pay the Employee a specific bonus amount on any sales associated with Contacts they referred or assisted in generating.
- Bonus Pay Terms - Front: Picklist including 6 options as to when the front portion of the referral bonus should be paid. 6 options include Sign Date, Job Approved Date, Install Date, Revenue Recognized Date, Permit Closed Date and Paid in Full Date.
- Bonus Pay Terms - Back: Picklist including 6 options above as well as Not Applicable. Not Applicable should be chosen if 100% of the payment is allocated to the front payment.
- Bonus Front Pay % Due: This is the percentage of the total bonus that should be paid as part of the front payment. For example, if you are allocating 50% to the front you would enter 50. Note if there is only 1 payment then enter 100 for 100% in this field.
Info
In order to view the Employee's Personal Information section on an employee record, you must select the "Show Personal Details" checkbox field in the "About This Employee" section. This will keep the personal information and pay sections visible for approximately 10 minutes, after which the "Show Personal Details" field will be automatically unchecked.
Please note that the Employee module has restricted access for editing, which is reserved for Administrator and Senior Management profiles. Other users will have read-only access to the employee records, provided they have direct access to each individual record via 1Stop User field for the employee themselves or the Reporting To user field which gives access to the person that the employee reports to up the hierarchy chain to the CEO role.
Administrators will have access to all employee records, while users with Senior Management profiles will need direct access to an employee record in order to read and edit it which can be done vie the Employee Owner field or through a custom data sharing rule. For more information, please refer to the Employee Management Overview article.
Update Vendor Referring Bonus Percentage & Fixed Amount Fields
The following fields are located in the Vendor's Referral Bonus Information section. Once a new Contact they refer completes a sale with your company, the fields (if populated) will be copied to the Referral Bonus record associated with the Vendor.
- Referral Bonus Percentage: Use this field if you have agreed to pay the Vendor a specific bonus percentage on any sales associated with Contacts they referred or assisted in generating. Enter the percentage as a whole number. For example, if the percentage was 10% you would be entered as 10.
- Referral Fixed Bonus: Use this field if you have agreed to pay the Vendor a specific bonus amount on any sales associated with Contacts they referred or assisted in generating.
- Bonus Pay Terms - Front: Picklist including 6 options as to when the front portion of the referral bonus should be paid. 6 options include Sign Date, Job Approved Date, Install Date, Revenue Recognized Date, Permit Closed Date and Paid in Full Date.
- Bonus Pay Terms - Back: Picklist including 6 options above as well as Not Applicable. Not Applicable should be chosen if 100% of the payment is allocated to the front payment.
- Bonus Front Pay % Due: This is the percentage of the total bonus that should be paid as part of the front payment. For example, if you are allocating 50% to the front you would enter 50. Note if there is only 1 payment then enter 100 for 100% in this field.
Info
The base setup of 1Stop has these fields available only to users with the Administrator, Senior Management and Management profiles.
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