Bank Cuts Salaries By Half

It does not matter how much business they bring in from new loans they manage to attract, so long as they fail to bring in a target of five credit card applications, they lose 50 percent of the commission for the whole month.

A sales rep who quit the bank after being a victim of the bank's new sales strategy told The Monitor that she has been fighting the bank to give her all her dues. She says that the bank had assured her they will pay her back the money they deducted. But another sales rep still at the bank told The Monitor that she expects to be paid P6,000 after another P6,000 was deducted for failure to reach the credit card target. The sales rep said she had managed to attract four applications, missing with just one.