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MCI Investment Holdings Employee Reviews about "commission scheme"

Updated Sep 22, 2020

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Found 6 of over 73 reviews

2.5
31%
Recommend to a Friend
47%
Approve of CEO
MCI Investment Holdings CEO Ryan Ng (no image)
Ryan Ng
27 Ratings
Pros
  • "The colleagues are friendly, outgoing(in 4 reviews)

  • "Work life balance (Rare for a sales role)(in 4 reviews)

  • Cons
  • "Outdated quarterly commission scheme that is not easy to achieve even 3 out of 4 quarters leaving you with basic pay for most part of the year(in 4 reviews)

  • "If you fail to hit sales wil be subjected to pay cut and if you resigned or get terminated you will be required to pay 1 month salary(in 3 reviews)

  • More Pros and Cons
    Pros & Cons are excerpts from user reviews. They are not authored by Glassdoor.

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    Reviews about "commission scheme"

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    1. 3.0
      Current Employee, more than 3 years

      Room for improvement, No Company is Perfect

      Sep 19, 2020 - Consultant 
      Recommend
      CEO Approval
      Business Outlook

      Pros

      *CEO – Sales driven & genuinely wants you to do well (often misunderstood as “micromanagement”), approachable, dedicated, hardworking *Over the years, the company has progressively explored and implemented additional employee rewards/benefits to boost productivity/loyalty. Ex: Staff incentive trips (incld non-sales personnel), good health incentives, medical check-up and dental subsidies, etc. *Highly focused on basic training & mentorship programs, this is especially beneficial for inexperienced consultants who wants to start off their career in this industry *Rapid company expansion – opportunity for professional growth and exposure *Competitive commission scheme

      Cons

      *Chairman (not to be confused with CEO) – Petty, uninspiring, disconnected, irrelevant, and lacks charisma *Chairman and Management is often seen in conflict and both are very disorganized. *Lack of core company values and believes. *Too much manual reporting and processes (which creates a vicious cycle of even more manual work from double-checking/rectification of human errors) *Lack of structured and progressive professional development beyond basic training (And no, merely appointing a person to be a project “leader” or group “in-charge” does not count) *The term “Leader” in this company is highly diluted. “Leaders” are too easily appointed and often lack the credibility, track record, and accomplishments to back it up, which creates a false sense of expectations. *In addition, it’s uninspiring and demotivating for a senior staff who genuinely wants to step up and contribute more, only to see a junior staff <12 months experience sitting in the same group, purely on the basis of “potential” or “willingness” to do so.

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      8 people found this review helpful
    2. 3.0
      Current Employee, more than 3 years

      Every Company has its Pros & Cons

      Sep 22, 2020 - Senior Consultant 
      Recommend
      CEO Approval
      Business Outlook

      Pros

      CEI Fees (Claimable after completion of 1 year) New joiners attached to a buddy or Mentor Commission scheme not that bad A structure & career progression where you can get promoted and be able to lead a team Increment every 6 months (If you hit your target) Entitled to incentive trip ($300 - $3500) yearly, if you hit your target Entitled to Profit Sharing if you hit your target and other criteria Birthday Leaves & Festive Leaves If you are hitting your KPI or even higher, Seniors will not come and disturb you Work life balance if you know how to handle your time

      Cons

      Malaysian Fresh Graduates - Bonded 1 year with the company, failing to hit target or resign within 1 year, must pay 1 month salary A very realistic company - If you are able to hit your KPI, you are safe, if you are unable to hit for several months even with help, off you go. Seems like a big company with 100 staff but not very good management skills Manual Jobs - Counting of payroll for your temp staff, submitting of incentive slips using excels HR Team - HR does not stay long in this company, changed over and over again. Management Team likes to implement new rules as and when they like. Management Team gives us a very money minded feel, everything is about money Forfeiting of incentives when Client fails to pay up by 90 days of credit period. But eventually, when the Client pays on the 100th days, the sales and money will go into the company pocket. But even when the Client pays within 60 days, you will only be able to claim your incentive after the 3rd month (Good tactic of company holding on to your commission, so that when you resign, they will forfeit 2-3 months of your commission) REAL Bad handling of JSS - which results in MOM & IRAS complaints and Complaints from internal staff Profit Sharing every year will only be given 8-9 months after the FY ended Profit Sharing for FY 2019 not paid till date. Was told that it will be drag till next year Although there are promotions for your career progression, but think back, what is the difference between Senior Consultant and Consulting Manager (Both are still doing sales and both are able to lead a team) - No big significant difference and benefits

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      5 people found this review helpful
    3. 2.0
      Former Employee

      Recruitment Specialist

      Dec 4, 2019 - Anonymous Employee 
      Recommend
      CEO Approval
      Business Outlook

      Pros

      No comments, need to perform multitask

      Cons

      Commission scheme unclear, snowballs policy

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      2 people found this review helpful
    4. 1.0
      Current Employee, less than 1 year

      Poor Commission Structure

      Mar 14, 2017 - Anonymous Employee 
      Recommend
      CEO Approval
      Business Outlook

      Pros

      They are always hiring. A big team of about 70 odd recruiters with diverse exposure for learning. You will learn to multitask. A good first job for networking.

      Cons

      Outdated quarterly commission scheme that is not easy to achieve even 3 out of 4 quarters leaving you with basic pay for most part of the year. Career advancement is based on sales performance which is again outdated. The whole recruitment industry is beginning to be disrupted by Linkedlin, Glassdoor and Indeed. There are better sales jobs out there.

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      9 people found this review helpful
    5. 1.0
      Former Employee

      Great exposure, poor outlook

      May 10, 2016 - Recruitment Consultant in Jurong West New Town,
      Recommend
      CEO Approval
      Business Outlook

      Pros

      -Colleagues are fun and very helpful -Great environment, no micromanage style -Able to learn many things -If you are able to stay long it will look very good on your profile because other employers will be surprised how resilient you are to be able to survive here -work life balance

      Cons

      - Have to do everything from client acquisition, to sourcing, to screening, to coordinating interviews, to doing contracts, to sending confirmation letters to clients, to chasing for payment. - Not for people who can't work in fast paced environment - Company changes commission scheme and policies every 3 months. Usually not for the better for the employees. -The company has limited resources to provide support -Generally very SME style, "health session" with big boss if you have more than 3 MCs taken. -Values support team more than sales team, in the sense that support team has way more flexibility and benefits. -VERY poor benefits. 10 days AL, and medical claims only $150 annually not exceeding $30 for each claim. And claims can only be made every quarter/ bi annually.

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      10 people found this review helpful
    6. 1.0
      Former Employee, more than 1 year

      Nightmare.

      Nov 20, 2015 - Recruitment Consultant in Jurong West New Town,
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Good mentor scheme and culture. Colleagues are friendly and easy to approach when there's no conflict of interest. Nothing much to boast about.

      Cons

      Low transparency in commission scheme. No proper SOP. Sales person has to settle clients aging and all paper work including commission calculation. Lousy benefit package. No AWS, less than 12 days AL, $200 medical claim per annum, less than a month performance bonus, no DnD. Bad management style. Get warning upon taking 3rd day mc throughout a year. Low basic salary. Delayed of pay cheque and CPF.

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      8 people found this review helpful
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