Peerless - worst distributor

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Peerless has had the same commission structure for four years and they are W2 (that means they pay your side of taxes you would be paying if you were a 10/99). The Reps pay for nothing but their gas and phone (some managers get gas and phone or a car allowance) and everything else is covered (travel, dinners, lunches, shipping (if we stay under the limit), consignment (if we stay under the limit), meetings, labs, assistants, vendor credentialing (and all testing involved in credentialing), office administration, instrumentation, inventory software, etc.) . They pay 50% healthcare (dental and vision are optional), longterm disability, provide 401k (not matching), etc. All employees get two weeks paid vacation (they ask we not take off December and June)
Most Representatives are paid 8.5% (to the rep and assistants are paid for by the distributor) up front (depending on whether they are a part of a team or individual territory). If they are part of a team in a larger territory it is split equally amongst the team. They can make .5% bonus per quarter from dollar one. Annually they can make one percent of their entire income back from dollar one (so if a territory does $2,000,000/Rep makes $20,000). Peerless also pays out mid year and promotional bonuses throughout the year for hitting certain short term goals. So reps can make make 10% with no expense if they perform or above. Full Line Reps and Managers make $75k to $275k and up. Assistants are around $36k-$75k (with only gas a phone as an expense) depending on their abilities and territory potential and grow at close to 20% in income per year (because that is what Peerless grows at per year on average).
They have one of the nicest labs in the country to be privately owned and that is paid for and maintained by the owner, not Arthrex. They provide service vehicles and specialist to support their sales team and seem to be adding many new positions this year at no cost to the reps or managers.
Almost all of this is in their contracts and has not changed so you can see for yourself. If you do your job it is a great place to work and they leave you alone. If you want something for nothing and do not perform you cannot work here.
 




anonymous said:
I must say as your competitor I will be showing these anti-peerless/Arthrex posts tot the doctors.
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Really? You would show this to the physician community? You are pathetic? I have been selling to physicians for a long time with the same company and know that when you do this you will be perceived as an insecure little sniveling waste of time. Either bring value or get out of the business. You want to get back at peerless then do it on the scoreboard that is the only place that counts. In case you don't know what I mean by scoreboard? That is where you sell something actually by booking cases with their docs and increasing your sales. You should try that for once and quit being such a girl scout!
 




You forgot to add we have the "Idiots guide to Internet Emergancy Situations".
Step 1 - look worse by scrambling to cover for the negative exposure online.
Step 1 - check
 




anonymous said:
Peerless has had the same commission structure for four years and they are W2 (that means they pay your side of taxes you would be paying if you were a 10/99). The Reps pay for nothing but their gas and phone (some managers get gas and phone or a car allowance) and everything else is covered (travel, dinners, lunches, shipping (if we stay under the limit), consignment (if we stay under the limit), meetings, labs, assistants, vendor credentialing (and all testing involved in credentialing), office administration, instrumentation, inventory software, etc.) . They pay 50% healthcare (dental and vision are optional), longterm disability, provide 401k (not matching), etc. All employees get two weeks paid vacation (they ask we not take off December and June)
Most Representatives are paid 8.5% (to the rep and assistants are paid for by the distributor) up front (depending on whether they are a part of a team or individual territory). If they are part of a team in a larger territory it is split equally amongst the team. They can make .5% bonus per quarter from dollar one. Annually they can make one percent of their entire income back from dollar one (so if a territory does $2,000,000/Rep makes $20,000). Peerless also pays out mid year and promotional bonuses throughout the year for hitting certain short term goals. So reps can make make 10% with no expense if they perform or above. Full Line Reps and Managers make $75k to $275k and up. Assistants are around $36k-$75k (with only gas a phone as an expense) depending on their abilities and territory potential and grow at close to 20% in income per year (because that is what Peerless grows at per year on average).
They have one of the nicest labs in the country to be privately owned and that is paid for and maintained by the owner, not Arthrex. They provide service vehicles and specialist to support their sales team and seem to be adding many new positions this year at no cost to the reps or managers.
Almost all of this is in their contracts and has not changed so you can see for yourself. If you do your job it is a great place to work and they leave you alone. If you want something for nothing and do not perform you cannot work here.
Click to expand...
 








anonymous said:
Peerless has had the same commission structure for four years and they are W2 (that means they pay your side of taxes you would be paying if you were a 10/99). The Reps pay for nothing but their gas and phone (some managers get gas and phone or a car allowance) and everything else is covered (travel, dinners, lunches, shipping (if we stay under the limit), consignment (if we stay under the limit), meetings, labs, assistants, vendor credentialing (and all testing involved in credentialing), office administration, instrumentation, inventory software, etc.) . They pay 50% healthcare (dental and vision are optional), longterm disability, provide 401k (not matching), etc. All employees get two weeks paid vacation (they ask we not take off December and June)
Most Representatives are paid 8.5% (to the rep and assistants are paid for by the distributor) up front (depending on whether they are a part of a team or individual territory). If they are part of a team in a larger territory it is split equally amongst the team. They can make .5% bonus per quarter from dollar one. Annually they can make one percent of their entire income back from dollar one (so if a territory does $2,000,000/Rep makes $20,000). Peerless also pays out mid year and promotional bonuses throughout the year for hitting certain short term goals. So reps can make make 10% with no expense if they perform or above. Full Line Reps and Managers make $75k to $275k and up. Assistants are around $36k-$75k (with only gas a phone as an expense) depending on their abilities and territory potential and grow at close to 20% in income per year (because that is what Peerless grows at per year on average).
They have one of the nicest labs in the country to be privately owned and that is paid for and maintained by the owner, not Arthrex. They provide service vehicles and specialist to support their sales team and seem to be adding many new positions this year at no cost to the reps or managers.
Almost all of this is in their contracts and has not changed so you can see for yourself. If you do your job it is a great place to work and they leave you alone. If you want something for nothing and do not perform you cannot work here.
Click to expand...

There are only 3 people at Peerless that make over $200K. And why is it that I grew my territory over 20% this year and my income was no where near 20% more than 2014.
 




anonymous said:
Really? You would show this to the physician community? You are pathetic? I have been selling to physicians for a long time with the same company and know that when you do this you will be perceived as an insecure little sniveling waste of time. Either bring value or get out of the business. You want to get back at peerless then do it on the scoreboard that is the only place that counts. In case you don't know what I mean by scoreboard? That is where you sell something actually by booking cases with their docs and increasing your sales. You should try that for once and quit being such a girl scout!
Click to expand...

How did it feel losing the Mallard Creek deal to Smith an Nephew Phil? Why don't you put that on your "scoreboard."
 




6.5% - 8.5% commissions at W2? That's not good at all, you should all strike until you get the average of 10%. However, there are actually worse that pay less than this.
 








What about the large pump deal Peerless lost in CLT? They told corp they had won the deal and lost it to Mitek, blame was passed around, and threats were made, typical day.
 




It's almost that time for quota to be released. Let's see what funny math Bowman comes with this year. Everything is so transparent I can't imagine anything being hidden from the reps.
 




anonymous said:
It's almost that time for quota to be released. Let's see what funny math Bowman comes with this year. Everything is so transparent I can't imagine anything being hidden from the reps.
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Surprise Surprise Surprise. The Chinese math has begun. We get a group email stating that "our number align with what Arthrex wants" (not true), Arthrex wants 13-14% growth! We are REQUIRED to submit 20% plus per territory. The email goes on to say we need an additional $500,000 in shoulder and an additional $500,000 in DX. Now for the SHOCKER, we all knew this would happen when the corkscrew commission was reduced, and plus August is Peerless tax time. Imagine that, exactly $1,000,000 extra, must have found a new toy or some other must have item.
 








Why did Arthrex give PB a distributorship? They must have been desperate in the area, desperate enough to reach all the way down to the bottom of the barrel. Dude is worthless.
 




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