May sound daft, but what does OTE mean when applying for a job?

eg. £12,000 to £18,000 OTE

Originally posted by missrabbit
May sound daft, but what does OTE mean when applying for a job?

eg. £12,000 to £18,000 OTE

It stands for "ordinary time earnings".

I thought it stood for "On Target Earnings"

Originally posted by jules
I thought it stood for "On Target Earnings"
I'm with jules on this one, that was my understanding also.

Okay im even more confused! ''Ordinary Time Earnings'' what does that mean? ''On Target Earnings'' does that mean you get paid only if you reach targets set? Which is it and what does it mean?

Sorry if i seem a bit slow, but i have a job interview tonight and next to the salary it says OTE and i dont understand!!!! The horrid job im at at the moment originally said £15,000 OTE on the advert, but when i came to the interview i was told the wage was £10,000 but then another girl, same age and experience, was paid £15,000 and i dont wanna be taken for a ride again!

Please help......

Just checked on Businesslink.gov.uk; I stand corrected. I think it has a different meaning in Australia.

I thought it was 'On target Estimate', the estimated earnings based on reaching your sales targets :thumbsup:

It's an estimate, because it is highly unlikely you will drop spot on this figure ;)

Originally posted by missrabbit
Okay im even more confused! ''Ordinary Time Earnings'' what does that mean? ''On Target Earnings'' does that mean you get paid only if you reach targets set? Which is it and what does it mean?

Sorry if i seem a bit slow, but i have a job interview tonight and next to the salary it says OTE and i dont understand!!!! The horrid job im at at the moment originally said £15,000 OTE on the advert, but when i came to the interview i was told the wage was £10,000 but then another girl, same age and experience, was paid £15,000 and i dont wanna be taken for a ride again!

Please help......
Did a Google search for "on target earnings" and got a few results, among them:

Welcome to Hobsons... The on target earnings for this individual are in excess of £35k. ... Basic Salary is in the region of £15-18k with on target earnings of £25k+ ...
www.graduatecareers.hobsons.co.uk/result_ profile.jsp?EmployerID=2686&Content=Vacancies - 31k - Cached - Similar pages
So I would surmise that there should also be a "basic" salary, which would be worth asking about at the interview, just in-case.

Good luck anyway. :)

Thank you! Will defenitly ask about it cos it sounds crazy! Why can't things just be simple when advertising a job!?

Thanks all! Keep your fingers crossed that i get it!:)

Actually it could be any of the following:

OTE Off Track Excursion (auto racing)
OTE Office of Technology Evaluation
OTE Onset of Thermal Excursion
OTE On-Target Earnings
OTE Open Transaction Environment (IBM mainframes CICS)
OTE Operational Test & Evaluation
OTE Optically Transparent Electrode
OTE Ordinary Time Earnings
OTE Ottoman-Turk Empire
OtE Over the Edge (game)
OTE Own-Ship Trajectory Estimator

I thought it was 'over time expected'

:confused: :confused: :confused: :confused:

as i earn on OTE i can assure you it is on target earnings.
the salary advertised is that achieved if you realise all sales/attendance targets that are attached to your position.
there is usually a basic salary advertised as that is the minimum you will earn.
it is probably wise only to take the job if the basic is enough to live on, some companies like the "power" ones have clawbacks & all sorts of ways to remoe your OTE.

this reminds me of the old warning that when you apply for a job which says you can earn "up to £50 000" you should rememeber that by defintion "up to" can include the figure 0

Originally posted by missrabbit
...but i have a job interview tonight and next to the salary it says OTE and...
C'mon missrabbit, spill the beans, hope it went well, but...

...tell us, how did it go?

:)




PS. You can tell me to mind my own business if you like. :P

I was super nervous and my mind went blank, but the interview seemed to go ok. They will let me know either way on either Wed or Thurs and if i am successful then i have to go for a second interview! I hate the waiting period! I wish they would let you know the next day. My fingers are hurting from being crossed this long!:rolleyes:

Originally posted by missrabbit
I was super nervous and my mind went blank, but the interview seemed to go ok. They will let me know either way on either Wed or Thurs and if i am successful then i have to go for a second interview! I hate the waiting period! I wish they would let you know the next day. My fingers are hurting from being crossed this long!:rolleyes:
Well, it sounds promising.

Good luck.

:)

O.T.E means On Target Earinings otherwise like this

£50,000 ote ( breakdown )

£15,000 basic + overtime & bonus = £50,000 ote.

Be very aware some quoting ote that you get the full story and how viable it is to realise the potential figure
I could say a lot more but I will leave it for now
Regards
Tony

With OTE the most important thing it to find out the basic salary and what the average earnings of the current employee's is. If you are relativley inexperienced in sales or new to the field they specialize in then this figure will probably be more than you would earn.

The best advice is ask as many questions as possible!!

May sound daft, but what does OTE mean when applying for a job?


eg. £12,000 to £18,000 OTE

basicly means £12,000 basic per year, then if you hit your targets you can earn up2 £18,000 per year

I'm with jules on this one, that was my understanding also.

On-Target Earnings

Sales people have a basic and then a salary they could reach if they meet their targets.

er NO it means opportunity to earn

bladesufc1 is not right at all. On Target Earnings means exactly that; if you hit your target that is waht you will get (Topline before Tax and NI).
I have not read all the comments, but could you tell me what type of job you are applying for, it may shed some light on the situation!!

May sound daft, but what does OTE mean when applying for a job?

eg. £12,000 to £18,000 OTE

OTE= On Target Earnings

It means - you will get some crappy low level basic salary and will then have to sell your body, mind and soul to the devil and who ever else wants a bit of it to reach the target earnings they have stated.

OTE= On Target Earnings

It means - you will get some crappy low level basic salary and will then have to sell your body, mind and soul to the devil and who ever else wants a bit of it to reach the target earnings they have stated.


That's right. A selling job with commission.

And if you manage to reach that target - they shift it higher.

I always thought it meant "only Tuesday evenings". When I got the sack, I just assumed it must have meant Thursday's!!!:hihi: :hihi:

Oh well, we live and learn:thumbsup:

I always thought it meant (over time extra).

OTE means On Target Earnings.
So when your are offered a basic salary of 14,000.00 (25,000.00 OTE)
this means you will get the 25,000.00 when you reach the target set by your employer.
And, yes when you reach the target it will be set higher. Its like the carrot for the donkey.

One more thing, Don't eat yellow snow.

Regs. Hutje.

I'm with kittencapes on this one. I have always thought it meant 'opportunity to earn'

You have me wondering now. You could be right.
But I am sure it has something to do with set targets having to be reached.

Could it be that when they list 25,000.00 OTE you can earn up to (no more than) 25,000.00 when you reach your target?

One more thing, don't pee in the wind, you will get yellow knees.

Regs. Hutje

Hmmm. I have never come across this term untill today, I have an interview for this job that states they "expect" people to earn between £250-£350 a week OTE. Does this mean the basic is £250? Or the that the basic is going to be stupidly low.

I suppose I'll just have to ask them tomorrow. But it's got me worried. I'm not working commission only. That's just stupid.

I think that would be commission only. If they have not told you a basic salary and just stated they "expect" people to earn between 250 and 350 a week OTE, that means there is no basic salary.

Then again I could be wrong.

Anyway, good luck with your interview tomorrow.

Regs. Hutje.

I think that would be commission only. If they have not told you a basic salary and just stated they "expect" people to earn between 250 and 350 a week OTE, that means there is no basic salary.

Then again I could be wrong.

Anyway, good luck with your interview tomorrow.

Regs. Hutje.

****e. Although I hunted down the ad that I found the job and it stated a salary of £15000-£25000, which made me more confident. Either way I'll find out tomorrow.

I alway's thought it was Over time expected?

I think that would be commission only. If they have not told you a basic salary and just stated they "expect" people to earn between 250 and 350 a week OTE, that means there is no basic salary.

Then again I could be wrong.

Anyway, good luck with your interview tomorrow.

Regs. Hutje.

Sadly you were right. Turned out to be commission only door to door selling for Cobra, who are not a nice company and was basically the job I was doing before without the security of a pay cheque each week.

Onwards and upwards with the job search then!

You're all wrong, it stands for,own transport employed.
So Sorry,it should read,Own Transport Essential.Why?
Because you're always o.t.r.

on target earnings

Usually means '**** job, but we'll make it seem good with a fake figure you'll never achieve'

I always thought it was "on target earnings" too...