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Salary at Redox
- Average rating for Salary, based on 8 reviews4.3 / 10
What are your thoughts on pay and bonuses at your company?
I suppose they are fair for what the job entails.
I am paid a low graduates salary but I am unsure that will increase greatly over time. Each year at an annual review your salary is discussed with your supervisor and approved by a director. I cannot achieve bonuses until I bring more money into the company. Redox base their salary on the size of your client list and you get bonuses based on how much money you bring in from your patch size.
The pay is quite low for graduates, but with experience and growth this can be reviewed once per year for an increase. Usually within the first year you will not get a pay increase as you are eligible for a company car. The bonuses aren't that great. -The first bonus is based on turnover and if you make 100% of your budget or more quarterly. However there is a minimum turnover dollar value set to be eligible for this bonus. So if you are a graduate with a smaller customer base you cannot achieve the base turnover value set and therefore even if you make 100% or more of your target for the quarter you are not actually eligible to get the bonus. - The second bonus is for GP (%). However this is also the same as the above, they set a base dollar value of GP that you have to make in order to be eligible for the GP (%) bonus. So if you are a graduate with a smaller customer patch you cannot achieve this dollar vale base that is set, even if you make over the GP(%) target you cannot get the bonus. -Also the growth rate expected for graduates is really aggressive. They have an expected sales growth rate of 80% each month, and therefore each year. When you are given a patch of very small customers and you are a graduate with little experience who is learning the ropes, it can be difficult to have so much expected.
What are your company's best or most unusual perks? For example: free tickets, free dinners, moving expenses, taxis, pension, etc.
Free Lunches, Friday take-away food and beer
Every Redox employee has lunch paid for everyday. You order it online in the morning and your lunch arrives at your desk at 12pm for a half hour lunch break.
The company's best perks would include: -Lunch paid for everyday through an allocated lunch shop. -Half year and Christmas functions. -Casual dress and big office lunch on the last Friday of every month.