How do you explain to team members why VersaPoints appear to reset to zero at the start of each month?
There seems to be a lot of complicated answers given to this question? But it is really very simple. I’m surprised the question has even been asked.
Perhaps the confusion in people’s minds is because we are talking about “VersaPoints” – that’s not a word used anywhere else (that I know of) except in SFI – so people are not familiar with it.
So, what are “VersaPoints” (VP)? The glossary definition is: -
“Points awarded to affiliates for a variety of actions, as outlined on the VP Ledger. The more points affiliates earn each month, the higher their SFI commissions can go. See the VersaPoints FAQs for more information about VP. You may also want to check out the Benefits Chart for a complete list of VersaPoint rankings and associated benefits. FYI: SFI Power Rankings are based on VersaPoints.”
See https://www.sfimg.com/Support/Solution?catid=26444&id=33893
We all understand the concept of money. Well VP is a currency that SFI uses. SFi has created it as a special type of currency because this allows SFI to use it in special ways by giving an action or product a certain number of VP.
Really the simplest way we should look at VP is to think of it as “time”. If we work in a job then we are paid for the time worked either at an hourly rate or if on a salary then for a set number of days, usually monthly. And we are paid either weekly, fortnightly, monthly or on a “per rate” basis. At the end of each pay period the total number of hours worked (or items completed if on a piece rate) is calculated up and we are paid at the hourly salary or piece rate.
For the next “pay period” the number of hours we work begins again at zero and is totaled up until the end of the pay period – then we are paid (hours x rate).
In SFI it is the same – on about the 10th day of each month we are paid commissions for the work we have done during the previous month – ie, the VP we have earned during the previous month. The more VP the higher our commissions/earnings once we have earned 1500 VP for the month.
I hope this helps. God bless you.
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How do you explain to team members why VersaPoints appear to reset to zero at the start of each month?
There seems to be a lot of complicated answers given to this question? But it is really very simple. I’m surprised the question has even been asked.
Perhaps the confusion in people’s minds is because we are talking about “VersaPoints” – that’s not a word used anywhere else (that I know of) except in SFI – so people are not familiar with it.
So, what
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