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05-05-2005, 11:33   #1
missrabbit
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May sound daft, but what does OTE mean when applying for a job?

eg. 12,000 to 18,000 OTE
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05-05-2005, 11:40   #2
JonJParr
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Quote:
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".
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05-05-2005, 11:44   #3
jules
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I thought it stood for "On Target Earnings"
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05-05-2005, 11:49   #4
foo_fighter
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Quote:
Originally posted by jules
I thought it stood for "On Target Earnings"
I'm with jules on this one, that was my understanding also.
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05-05-2005, 11:50   #5
missrabbit
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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......
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05-05-2005, 11:51   #6
JonJParr
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Just checked on Businesslink.gov.uk; I stand corrected. I think it has a different meaning in Australia.
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05-05-2005, 11:55   #7
Strix
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I thought it was 'On target Estimate', the estimated earnings based on reaching your sales targets

It's an estimate, because it is highly unlikely you will drop spot on this figure
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05-05-2005, 11:57   #8
foo_fighter
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Quote:
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:

Quote:
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.
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05-05-2005, 12:02   #9
missrabbit
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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!
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05-05-2005, 12:07   #10
themonkey
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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
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05-05-2005, 12:09   #11
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I thought it was 'over time expected'
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05-05-2005, 12:13   #12
missrabbit
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05-05-2005, 12:36   #13
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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.
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05-05-2005, 13:01   #14
ThePiglit
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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
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10-05-2005, 08:16   #15
foo_fighter
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Quote:
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.
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10-05-2005, 08:39   #16
missrabbit
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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!
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10-05-2005, 08:45   #17
foo_fighter
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Quote:
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!
Well, it sounds promising.

Good luck.

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18-05-2005, 15:10   #18
scubatony61
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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
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Tony
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27-09-2006, 12:18   #19
jobdrop
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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!!
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27-09-2006, 12:28   #20
bladesufc1
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Quote:
Originally Posted by missrabbit
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
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