OTE - What does this mean?

Reesy · 21 Mar 2007 at 16:19

When a job says you are expected to get 250 - 500 OTE. What does this mean?

YoungBlood · 21 Mar 2007 at 16:22

Ordinary Time Earnings, maybe

Puzzled · 21 Mar 2007 at 16:23

On Target Earnings I think

They use it a lot for sales jobs.

silversurfer · 21 Mar 2007 at 16:23

http://66.102.9.104/search?q=cache:...read.php?t=39131+OTE&hl=en&ct=clnk&cd=5&gl=uk

kefkef · 21 Mar 2007 at 16:26

Always thought it meant either 'Overtime Excluded' or 'On Target Earnings' (Sale type jobs)?

Ak!ta · 21 Mar 2007 at 16:26

OTE, means On Target Earnings.

It is based on a "Target" performance, and you are paid against that performance (normally a sales commission).

Reesy · 21 Mar 2007 at 16:27

silversurfer said:
http://66.102.9.104/search?q=cache:...read.php?t=39131+OTE&hl=en&ct=clnk&cd=5&gl=uk

Thanks!

Reesy · 21 Mar 2007 at 16:34

but is their a basic salary with marketing or is it all this OTE based? :confused:

Reesy · 21 Mar 2007 at 16:44

Thanks for that post I understand it much better now, and sadly yeah I didn't ask too many questions about salary because people say you shouldn't ask as it makes them think your only in it for the money?

Rotty · 21 Mar 2007 at 16:59

Reesy said:
but is their a basic salary with marketing or is it all this OTE based?

proper marketing jobs ( if marketing is a proper job

) are usually a basic salary, would be wary of any witha large amount of target related earnings ( bonuses are a different thing )

colinuk · 21 Mar 2007 at 17:25

Reesy said:
Thanks for that post I understand it much better now, and sadly yeah I didn't ask too many questions about salary because people say you shouldn't ask as it makes them think your only in it for the money?

But we are only in it for the money!!! - well i am anyways...

Jimmi · 21 Mar 2007 at 18:10

MonkeyMan said:
On Target Earnings

They use it a lot for sales jobs.

As the monkey man said

MT01XP · 21 Mar 2007 at 21:18

Reesy said:
Thanks for that post I understand it much better now, and sadly yeah I didn't ask too many questions about salary because people say you shouldn't ask as it makes them think your only in it for the money?

If it's a sales job, well if you make lots of money then the company are going to make a hell of a lot along the way, so being money driven is often seen as a good characteristic.