In an MLM compensation plan, usually essentially the most troublesome bonuses to qualify for are people who payout periodically.
Preliminary qualification will be steep but additionally as soon as certified for, qualification is often usually required be maintained over a time frame.
Worse nonetheless, even when certified for, there’s just about nothing stopping an organization quietly dropping the bonus with out paying out.
Such seems to be the case with Pruvit’s Consistency Bonus.
The Consistency Bonus someday after our 2015 Pruvit launch evaluate.
In their very own phrases, Pruvit acknowledged the Consistency Bonus is to “reward promoters for dedication and loyalty to the Pruvit alternative”.
To qualify for the Consistency Bonus, a Pruvit affiliate needed to keep fee certified and generate at the least $60 in new gross sales quantity for twelve consecutive months.
If the above qualification standards was met, Pruvit paid a 2% Consistency Bonus on an affiliate’s whole annual earnings.
Within the second 12 months of unbroken qualification the Consistency Bonus rose to 4% of earnings over the previous two years.
Three years of unbroken Consistency Bonus paid a 6% bonus on the previous three years earnings.
4 years was 8% of the previous 4 years earnings and 5 years 10% of the previous 5 years earnings.
Additionally at 5 years, the brand new quantity requirement was waived – which means all a Pruvit affiliate needed to do to proceed qualifying was keep fee certified.
Pruvit’s compensation plan instructed that supplied qualification was unbroken, there was no restrict to the Consistency Bonus.
Yearly that this steady, unbroken string of qualifying is achieved after 12 months 5 an extra 1% is added to your Consistency Bonus
There isn’t any restrict to how excessive the (Consistency Bonus) proportion can get.
The catch?
If an affiliate cashed out their earned Consistency Bonus, Pruvit reset their Consistency Bonus again to 12 months one (as if it had by no means been certified for).
Honest sufficient. Pruvit enticed associates to roll over their Consistency Bonus, on the promise of upper payouts – supplied they remained “loyal” to the corporate by producing required month-to-month quantity.
Sadly nevertheless, as some Pruvit associates lately came upon, the corporate has not reciprocated their loyalty.
I lately obtained phrase that Pruvit “silently” dropping the Consistency Bonus.
Pruvit has nixed their “Consistency Bonus” from their comp plan after just a few years of it being on there and with out paying it out to promoters.
There was no firm announcement relating to this alteration.
Certainly perusal of Pruvit’s up to date Pruformance Rewards compensation plan, confirms the Consistency Bonus has been dropped.
So what’s the story right here? Pruvit requested for loyalty from their associates, however when the time got here to payout quietly deserted them?
As a result of it definitely appears prefer it.
Our supply states that Pruvit associates “who had been wanting ahead to getting paid on” the Consistency Bonus will no longer be paid.
They’ve been neither formally knowledgeable of this or supplied an reason why.
If Pruvit needs to alter their compensation plan and eliminate the Consistency Bonus, there’s nothing improper with that.
However associates who’ve certified for it and never cashed out, ought to on the very least obtain no matter 12 months of qualifying they’re as much as.
In an ideal world they’d obtain up till the present 12 months. Evidently although rewarding loyalty isn’t a spotlight for Pruvit going ahead.