By Alison Doyle. Definition: Commission is a sum of money that is paid to an employee upon completion of a task, usually selling a certain amount of goods or services.Commission may be paid as percentage of the sale or as a flat dollar amount based on sales volume.Employers often use sales commissions as incentives to increase worker productivity.ommission may be paid as percentage of the sale or as a flat dollar amount based on sales volume. Employers often use sales commissions as incentives to increase worker productivity.
Bill Gross is a Portfolio Manager responsible for managing the Janus Global Unconstrained Bond Fund, and all related portfolios, and leading efforts to build out Janus' global macro fixed income capabilities.
Â©Washington Post/Getty. Jack Bogle, the founder of Vanguard, has called Warren Buffett the mutual fund groupâs best salesman after the billionaire investor recommended Vanguardâs funds to his wife in his will.I suggest Vanguardâs [S&P 500 index fund],â Mr Buffett wrote in March, adding that the long-term results from this policy would be superior to those attained by most investors, whether pension funds, institutions or individuals, which employ high-fee managers.