Hiring in brooklyn isn't so easy after all
Need a Funder or Vendor? START HERE

Results 1 to 25 of 29

Hybrid View

  1. #1

    Hiring in brooklyn isn't so easy after all

    Hello Everyone,

    I am wondering what you suggest we do to find decent sales reps in the Brooklyn area. We have had a challenging time finding sales agents. Indeed and craigslist are a waste of time.

    Thanks in advance

  2. #2
    Senior Member Reputation points: 23085
    Join Date
    Nov 2013
    Posts
    598

    Quote Originally Posted by smurf View Post
    Hello Everyone,

    I am wondering what you suggest we do to find decent sales reps in the Brooklyn area. We have had a challenging time finding sales agents. Indeed and craigslist are a waste of time.

    Thanks in advance
    Are you offering base + commissions or just commission? In office or remote? Those happen to be the biggest variables correlated with quality candidates applying.

  3. #3
    in office, commission only

  4. #4
    Senior Member Reputation points: 23085
    Join Date
    Nov 2013
    Posts
    598

    Quote Originally Posted by smurf View Post
    in office, commission only
    Offering commission only screams you cant afford it. Why don't you invest in quality candidates and offer a competitive base + commission? You can always fire fast if the fit isnt right.

  5. #5
    Senior Member Reputation points: 338677
    Join Date
    Mar 2015
    Location
    Boynton Beach
    Posts
    3,485

    Quote Originally Posted by smurf View Post
    in office, commission only
    Smurf,

    You stated....
    -Used CraigsList to find sales people.
    -In Office Commission only.

    Some on the forum will scream 1099 is he way to go!!!

    If you really want to build a sticky, well trained, reliable, and productive sales team....
    -Offer a base salary or draw.
    -Offer commissions and/or bonus program.
    -Cap cash pay out and offer equity in your company.
    -Start a great sales training program. Have a game plan and goals in place.
    -Coach producers and non-producers.
    -Identify multiple revenue generating products for the team and cross sell.

    Hiring great professionals takes an investment not only in compensation, but training and company resources.
    Kevin Henry
    VP-Business Development
    Seacoast Business Funding, a division of Seacoast Bank
    561-850-9346
    Kevin.Henry@SeacoastBF.com
    1880 N Congress Ave., Suite 404
    Boynton Beach, FL 33426

  6. #6
    Senior Member Reputation points: 118209 ridextreme's Avatar
    Join Date
    Dec 2014
    Posts
    1,111

    Are you new to sales?

    Sales, especially over the phone, has always been and always will be a revolving door.

    Some people have it, and some people don't (just like some people can be successful selling irons door to door, and some people won't).

    It also depends on their support/management (of which again, some people are good at and some people are not. I got lucky, I'm good at both).

  7. #7
    Nobody wants to work in office with no base.

    That was fine in 2017 when you could make money.

    Everything including commuting is more expensive, and it’s exponentially harder to close a deal.

    Why would someone work for free?

  8. #8
    Senior Member Reputation points: 118209 ridextreme's Avatar
    Join Date
    Dec 2014
    Posts
    1,111

    It's actually illegal to hire people in NYC and not pay them.

    If they're working regular hours and they're instructed to report to an office at a specific time, they're considered W2 employees and according to the labor laws they need to be paid a min. wage and follow all HR procedures and regulations.

  9. #9
    Senior Member Reputation points: 73140 Olderguy's Avatar
    Join Date
    Sep 2021
    Location
    Irvine, CA
    Posts
    2,286

    It is only legal to hire someone commission only if they are really contractors and can work anywhere and not in an office.
    Steve Benjamin
    Professional Business Loans

    522 Contessa
    Irvine, CA 92620
    steveprobiz@gmail.com
    https://probizloans.net/
    Broker, Underwriter, general business loan expert
    949.228.1050


    @ 24 hour funding working capital loans
    @ Term loans from 3 years to 10 years at 9.5% and up
    @ Equipment financing up to 7 years
    @ Property loans - Hard Money and traditional - Primary, Investment, commercial, land, fix and flip, construction.
    @ SBA loans - 7A and 504.
    @ Private money equity and debt for major investments
    @ Personal Loans up to gross income from personal tax return.

  10. #10
    Senior Member Reputation points: 28835
    Join Date
    Feb 2019
    Posts
    209

    Quote Originally Posted by Olderguy View Post
    It is only legal to hire someone commission only if they are really contractors and can work anywhere and not in an office.
    Haven't you said that you were in the mortgage industry? The industry is filled with w2 commission-only people, which is very legal

  11. #11
    Senior Member Reputation points: 73140 Olderguy's Avatar
    Join Date
    Sep 2021
    Location
    Irvine, CA
    Posts
    2,286

    Quote Originally Posted by mistamca View Post
    Haven't you said that you were in the mortgage industry? The industry is filled with w2 commission-only people, which is very legal
    W-2 isn't 1099. W-2 requires at least minimum wage of a base. Commission only is 1099 no base as a contractor. If you are in an office and call center it is against the law to be paid 1099 commission only.

    If you have a base W-2, you have to pay commissions W-2 also, You can't pay a base W-2 and commissions 1099.

    In summary, if the person can work anywhere, home, Starbucks, office...they might be considered a contractor and be paid commission only. And can work their own hours. If you demand specific working hours, then they have to be paid W-2.
    Last edited by Olderguy; 12-19-2023 at 12:24 AM.
    Steve Benjamin
    Professional Business Loans

    522 Contessa
    Irvine, CA 92620
    steveprobiz@gmail.com
    https://probizloans.net/
    Broker, Underwriter, general business loan expert
    949.228.1050


    @ 24 hour funding working capital loans
    @ Term loans from 3 years to 10 years at 9.5% and up
    @ Equipment financing up to 7 years
    @ Property loans - Hard Money and traditional - Primary, Investment, commercial, land, fix and flip, construction.
    @ SBA loans - 7A and 504.
    @ Private money equity and debt for major investments
    @ Personal Loans up to gross income from personal tax return.

  12. #12
    Senior Member Reputation points: 84417
    Join Date
    Mar 2014
    Location
    Florida
    Posts
    2,952

    Quote Originally Posted by Olderguy View Post
    W-2 isn't 1099. W-2 requires at least minimum wage of a base. Commission only is 1099 no base as a contractor. If you are in an office and call center it is against the law to be paid 1099 commission only.

    If you have a base W-2, you have to pay commissions W-2 also, You can't pay a base W-2 and commissions 1099.

    In summary, if the person can work anywhere, home, Starbucks, office...they might be considered a contractor and be paid commission only. And can work their own hours. If you demand specific working hours, then they have to be paid W-2.
    You are incorrect - NY Labor Law states that a commission only individual must have a written agreement in place.

    https://www.workingnowandthen.com/ne...k-commissions/

    An employer would issue a W2 if they are withholding taxes, matching Social Security & Medicare Taxes.

    Best Option, is to consult with a Labor Attorney to cover all of the bases.
    Dave Lambert, Business Development
    dave@fcbankcard.com
    Merchant Services Consultant
    High Risk Merchant Payment Solutions
    SBA 7(a) Loans & Short-Term Funding
    T/VM: 727-291-7890
    Office: 727-233-1111
    Skype: fc-financial

  13. #13
    Senior Member Reputation points: 73140 Olderguy's Avatar
    Join Date
    Sep 2021
    Location
    Irvine, CA
    Posts
    2,286

    Quote Originally Posted by Yankeeman07 View Post
    You are incorrect - NY Labor Law states that a commission only individual must have a written agreement in place.

    https://www.workingnowandthen.com/ne...k-commissions/

    An employer would issue a W2 if they are withholding taxes, matching Social Security & Medicare Taxes.

    Best Option, is to consult with a Labor Attorney to cover all of the bases.
    Draw against commission will still be W-2 and min wage.
    Steve Benjamin
    Professional Business Loans

    522 Contessa
    Irvine, CA 92620
    steveprobiz@gmail.com
    https://probizloans.net/
    Broker, Underwriter, general business loan expert
    949.228.1050


    @ 24 hour funding working capital loans
    @ Term loans from 3 years to 10 years at 9.5% and up
    @ Equipment financing up to 7 years
    @ Property loans - Hard Money and traditional - Primary, Investment, commercial, land, fix and flip, construction.
    @ SBA loans - 7A and 504.
    @ Private money equity and debt for major investments
    @ Personal Loans up to gross income from personal tax return.

  14. #14
    Quote Originally Posted by Yankeeman07 View Post
    You are incorrect - NY Labor Law states that a commission only individual must have a written agreement in place.

    https://www.workingnowandthen.com/ne...k-commissions/

    An employer would issue a W2 if they are withholding taxes, matching Social Security & Medicare Taxes.

    Best Option, is to consult with a Labor Attorney to cover all of the bases.
    guy cant find employees and your advice is to hire a labor attorney - smart cookie you are.....

  15. #15
    Senior Member Reputation points: 31817
    Join Date
    Jul 2015
    Posts
    215

    We offer Salary+Commission+Benefits and still struggle to find good candidates. I can see why you are having a hard time. Try not to penny pinch the people that you want to grow your company.

  16. #16
    same here, were offering a salary + commission and are still actively looking for viable candidates in brooklyn

  17. #17
    Senior Member Reputation points: 118209 ridextreme's Avatar
    Join Date
    Dec 2014
    Posts
    1,111

    Most good reputable shops offer a draw vs comm to start them off, or a starting salary for the first 30 to 90 days or so.

    NY & CA specifically have been cracking down on Independent Contractors. They would have to be a registered business entity, can come and go as they please, and the key is they have to offer their services to more than just one shop so if they're only doing business with one ISO and they have to be in every day at 9am, they're classified as W2 employees.

    It also takes only one "employee" to work at a new comm only job, then quit after 2 weeks and their grandmother says to them "what do you mean they didn't pay you for those two weeks!?!?" for her to tip off the dept. of labor. :O

  18. #18
    Anyone have a good labor law attorney that has sued a brokerage for misclassification and won?

  19. #19
    Senior Member Reputation points: 73140 Olderguy's Avatar
    Join Date
    Sep 2021
    Location
    Irvine, CA
    Posts
    2,286

    They can't be 1099 if they have to work from an office...like using a dialer...and they can work from anywhere....like real estate reps that work from home or away from the office.
    Steve Benjamin
    Professional Business Loans

    522 Contessa
    Irvine, CA 92620
    steveprobiz@gmail.com
    https://probizloans.net/
    Broker, Underwriter, general business loan expert
    949.228.1050


    @ 24 hour funding working capital loans
    @ Term loans from 3 years to 10 years at 9.5% and up
    @ Equipment financing up to 7 years
    @ Property loans - Hard Money and traditional - Primary, Investment, commercial, land, fix and flip, construction.
    @ SBA loans - 7A and 504.
    @ Private money equity and debt for major investments
    @ Personal Loans up to gross income from personal tax return.

  20. #20
    Is this reasonable ask? Looking for executive assistant $18-22 per hour M-T 10am to 5pm to help with pdfs/ crm updates etc... in person only Brooklyn

  21. #21
    Senior Member Reputation points: 118209 ridextreme's Avatar
    Join Date
    Dec 2014
    Posts
    1,111

    Quote Originally Posted by ffpllc View Post
    Is this reasonable ask? Looking for executive assistant $18-22 per hour M-T 10am to 5pm to help with pdfs/ crm updates etc... in person only Brooklyn
    https://dailyfunder.com/forumdisplay.php/14-Help-Wanted

Similar Threads

  1. Hiring Brokers in the Brooklyn area
    By abcloser in forum Help Wanted
    Replies: 0
    Last Post: 12-06-2023, 10:18 AM
  2. Hiring - Brooklyn, NY Office
    By Chest Fund in forum Help Wanted
    Replies: 1
    Last Post: 01-09-2023, 11:00 AM
  3. Hiring contract administrator in Brooklyn
    By Premiere Capital Funding in forum Help Wanted
    Replies: 0
    Last Post: 01-17-2020, 12:46 PM
  4. Hiring Sales Reps Brooklyn, NY
    By Fetachini in forum Help Wanted
    Replies: 1
    Last Post: 12-30-2019, 09:10 PM
  5. Lending valley is hiring in brooklyn ave u & coney island
    By stackcity_4208 in forum Help Wanted
    Replies: 0
    Last Post: 07-11-2019, 11:53 AM


Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  


INDUSTRY ANNOUNCEMENTS

Lendistry welcomes new CFO
LegalZoom partners w/ businessloans.com
iBusiness Funding acquires Funding Circle


DIRECTORY