BAI Comp Plan

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Dec 19, 2008 6:45 am

BAI's comp plan released at 3pm today.  Does anyone have grid?

Dec 19, 2008 10:03 am

I'm sure you will be paid fairly for the effort and energy you put in.

Dec 19, 2008 10:20 am

bend over...under 350...15%

Dec 19, 2008 10:49 am

Have you seen the plan?

Dec 19, 2008 10:58 am

The call is at 4pm EST.  We have been told several times that we will go to Merrill's grid sometime in 09.  The issue (according to management) is the technology to put us on their grid.  The bottom line is it can't get worse.  At 30% payout how much worse can it get!

Dec 19, 2008 10:59 am

30%

Dec 19, 2008 11:13 am

over 5 los, under 350 is 15%.

Dec 19, 2008 11:19 am

No way bad move LOL. Even though I'm no where near that catagory I just couldn't see it that bad. If it's true I really feel bad for those people. They had there chance like all the rest of us to get their production up.

Dec 19, 2008 12:55 pm

badmove is right - over 5 years, under 350; 18% with a 15% hold back = 15%

 
the message is clear - I wonder what % of BAI reps are under $350?  It's got to be 35%?  I guess this is how BAC makes room for mother MER!
 
I have heard that we might go to the MER grid before the end of 2009.
 
Another fine Merry Christmas from BAI...
Dec 19, 2008 1:12 pm
Her it is folks and all is can say is holly $hit and Merry Christmas! <?: prefix = o ns = "urn:schemas-microsoft-com:office:office" />

 


FA I


0 -     149,000  >5 12%  < 5 30%


150 - 249,999  >5 12%  < 5 30%


250 - 299,000  >5 15%  <5  30%


300,000           >5 18%  <5  33%


 


FA II


350 - 399 31%


400 - 499 34%


500 - 599 36%


600 - 699 37%


700 - 849 39%


850 - 999 40%


1,000,000 > 41% 


 


The trailer payouts for FA II have also jumped from 10% to 23% on the lower end of the scale and 31% at the top. 

Dec 19, 2008 1:24 pm

unreal

Dec 19, 2008 2:14 pm

What do guys thing?  Prob the worst grid on the street for 250 to 350 producers.

Dec 19, 2008 2:17 pm

The 15% hold back kills me.  So your paying 12-18% and you want more of the poor guys money.  The message is clear.

Dec 19, 2008 2:18 pm

So if you are over 5 years and $300K GDC, you get $54K?? I would move the day this new grid came out.. Even if you production dropped in half to $150K and you got 60% payout you are making almost double..

Dec 19, 2008 2:34 pm
chief123:

30%




That would only drop it to 21%.

Dec 19, 2008 2:36 pm
chief123:

So if you are over 5 years and $300K GDC, you get $54K?? I would move the day this new grid came out.. Even if you production dropped in half to $150K and you got 60% payout you are making almost double..




I don't know about the other indies around here, but when I switched, my gross went up. I was so excited about keeping my own money that I loved the business more and it made me do more business.

Dec 19, 2008 2:57 pm

I was just assuming some of these people are like a buddy of mine(@BAI) and do nothing but wait for referrals.



I left Jones and doubled my production in the first 9 months.

Dec 19, 2008 2:59 pm
chief123:

I was just assuming some of these people are like a buddy of mine(@BAI) and do nothing but wait for referrals.



I left Jones and doubled my production in the first 9 months.



You're right. I didn't think of that.

Dec 19, 2008 4:37 pm

Looks like WB is the only real bank program out there.

Dec 19, 2008 4:47 pm

not only do sub 350 guys get hosed but i also heard that premier has no incentive to refer any business to BAI reps.    but i guess no incentive is better than a disincentive like they had before.  any comments on this from you BAI reps out there??