What does OTE mean on job application salaries?
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What does OTE stand for when written on job application details, for example WAGE 15K-22K 1st YEAR OTE 9780 PER ANNUM GUARANTEED Sorry if I'm really stupid and this is obvious, ...show more
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Answer:
"On target earnings". In essence, what they are telling you your compensation package will be is the best case scenario, taking into account potential bonuses and commissions. You may get a base of say $20,000 with an OTE of $50,000, but statistically speaking usually only one person out of ever four or five hit their OTE number. Be sure to ask that of the prospective employer (i.e., what percentage of people in the same position attainted their OTE during the past year?).
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Other answers
it means on target earnings which will be paid on top of the stated salary.
jmbk1924
On Target Earnings - good luck!
RuthieC
OTE stands for On Target Earnings which means what you'll be paid if you meet the sales target. Generally, bonuses or additional amounts are paid if you sell over the target amount.
mia
what the first 2 said
brian m
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