Help Center : How to set up multiple split plans for a broker

These instructions will walk you though setting up more than one split plan for the same broker.

Create the first Split Plan

1. Go to the broker’s HR / Personnel File record. If an HR record hasn’t been created yet, click here to view a video on how to set up a new HR record.

2. Click on Compensation.

3. Open the Commission Split Plans list.

4. Click on the green [+] icon to create a new Split Plan.
   

   

5. By default, the system tracks a single YTD total for all commissions for each Broker, regardless of how many Split Plans they have. If you need to track a separate YTD total for each Split Plan, set the date range for the current year only.

6. Give the Split Plan a name - something that will allow anyone to distinguish this plan from other plans for the same year (e.g. “Standard Plan”).

7. If this is the most frequently used plan, check the box to “Use this Plan by default”.

8. Select the appropriate setting for YTD calculation (for this scenario, select “On Payment”).

9. Modify the “To” amount for the first commission threshold and add the applicable Split %.

10. Click the Add button to define the next threshold.

11. Continue with steps 9 and 10 until all split thresholds have been entered.

12. Click the Submit button to save this Split Plan.

Create additional Split Plans

1. In the Commission Split Plans list, find the Split Plan you just created.

2. Open the QuickLinks menu for that Split Plan by hovering over or clicking on the blue arrow next to it.

3. Select the option to “Copy this record”.
   

   

4. In the HR Split Information form that pops up, change the Split Plan name and commission tiers as needed for this additional plan.

5. If this is the most frequently used plan, check the box to “Use this Plan by default”. Otherwise, make sure the box is unchecked. (The system will ensure there is only one default plan by removing the default setting from other plans.)

6. Click the Submit button to save this Split Plan.

7. Repeat steps 1 though 6 as needed.

Annual Maintenance

To make sure that the YTD total gross commission amount is reset to $0 for each Split Plan, you will need to create a new set of Split Plans for each new year. You can do this at any time (e.g. before the end of the year) and don’t need to wait until the new year has started. When a payment is applied to a Deal, the system will only show split plans that are available for that Payment Date, even if there are other split plans in the system for that broker.

1. Go to the broker’s HR / Personnel File record.

2. Click on Compensation.

3. Open the Commission Split Plans list.

4. Find the Split Plan records for the current (or previous) year.

5. Open the QuickLinks menu for that Split Plan by hovering over or clicking on the blue arrow next to it.

6. Next to the first one, select the option to “Copy this record”.
   

   

7. In the HR Split Information form that pops up, change the Start and End dates to reflect the new year only.

8. If needed, update the Split Plan Name and commission tiers.

9. If this is the most frequently used plan, check the box to “Use this Plan by default”.

10. Click the Submit button to save this Split Plan.

11. Repeat steps 5 though 10 as needed.

*Click here (coming soon!) to go to the instructions on how to apply a Payment with the correct Net Commission amount based on a given Split Plan’s YTD, rather than based on the broker’s total gross commission amount for the year.

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