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New brooms sweep clean, and the new sales director at Coronis has introduced a “significant” reform to the niche network’s remuneration package to motivate and attract new talent.
In his first major change since stepping into the sales director role, Adam Empringham has announced that the niche network has almost halved its business levy, allowing agents to hit their base more quickly to earn bigger quarterly bonuses.
Mr Empringham said that the payment structure change makes Coronis one of the most attractive real estate businesses.
“[It] is a massive change for our agents and business,” the sales director said.
“I have spent a lot of time speaking with our sales team about how we can evolve and grow Coronis and reforming our remuneration model was a key topic.
“All of our agents are on varied remuneration packages up to $300,000 which we pay as a weekly salary, so with the reduced business levy, they’ll hit their base a lot quicker, which in turn will earn them bigger bonuses each quarter.”
Mr Empringham said that everything else remains the same.
“Every agent will still receive all the benefits of our support network including concierge, administration, marketing and sales support, but they’ll have more money in their back pockets based on their performance.
“I believe our agents are some of the highest paid in the industry who are able to focus on delivering world-class service to all of their clients instead of chasing their next commission.”
He also said that Coronis has paid the first round of bonuses under its new OPS (operational profit share) scheme.
“Several of our offices had outstanding April, June quarters which earned those agency leaders an additional bonus equivalent to 50 per cent of profit earned above target.
“The introduction of the OPS model has proven extremely beneficial for our business; it has inspired our agency leaders like nothing else we have tried before and the results have exceeded our expectations in the first quarter.
“We’re big on creating financial freedom and security for our team and we want to ensure that everyone is handsomely rewarded for the effort they put in to help grow Coronis and achieve our 2020 vision.”
