Non-Financial Incentives vs. Commission for Retail Employees

As a manager the three motivational methods that should be used would be to provide monetary incentives, employee recognition, and training incentives. Monetary incentives are one method that can be used by a leader or a manager in his or her workplace, these incentives is to reward an employee for his or her outrageous work-related performance. These incentives may include such as profit-sharing within the company, stock options, performance bonuses, and scheduled bonuses. These different types of monetary incentives can increase the motivation of its workers and can lead to more productive, less absenteeism, and may improve one’s quality of service. Monetary incentives when awarded to one employee may also be a morale booster can also encourage other workers to improve his or her work performance, and maintain a healthy, friendly, positive work environment. A healthy workplace is a product of a successful and productive work environment. Working in this kind of economy, monetary incentives is the excellent method to use. However, these incentives may persuade others and may not to some; the result will be the same, increased quality work

Managers in many cases are presented with sales incentives in a retail environment. These incentives may range from free products, to cash prizes, to trips, bonuses, etc.

1. When it is difficult to determine the effect of a salesperson’s effort son sales rather than pay any incentive through commission it is better to use a bonus with salary as part of the compensation package

Some students might have a discount for going past $100 purchase or purchase something from store for each person in their family.

f) Company picnics? Chuck them. Employees don't care--in fact, they find them a burden. Better to grant the flexibility for personal time to handle family obligations. Four-day work weeks are becoming popular (though they come with their own complications). If possible, consider letting people work from home one day a week--with gas at $4 a gallon, that savings will feel a like a holiday bonus.

The company does offer what they call their hero discount which is 20% off the total bill. In order to get the discount one must tell their server and present them with a valid firefighter, EMT, or police officer card or department badge. They also have specials for their email club and discounts with coupon for birthdays, anniversaries, and other special occasions. I strongly recommend using the discounts or coupons if you have one available. If you have more than one coupon and aren’t sure which will give you a better discount on the bill, feel free to ask your server and he will explain which one is best for your current

PROVIDE custom services such as in-store workshops and personalized promotions so that customers are retained to generate repeat purchases and make referrals.

Make your life easier with budget-friendly discount codes for electronics and shop everything at very reduced prices.

Dress Code – The dress code at Company X demonstrates a professional standard. Collared short or long sleeve company shirts are to be wore with khaki, brown, or black pants, and brown or black closed toed dress shoes. Females may also wear khaki, brown or black skirts or dresses that are no more than one inch above the knee. No deviations are permitted at this time.

5) Increase of Sales Promotions - by encouraging the staff to get involved with these promotions, this will bring many financial benefits to the organisation.

Run employee sales contests – The baristas are the salespeople and have a great deal of influence over the customer ordering process. All baristas will have some form of sales and customer service training to make each transaction active, rather than passive. Sales contests will emphasize high margin items or cross

Reviews and set quotas (amount of bonus a store manager could make) for each of his/her 6 stores.

Retailing the right product at the right season, like outdoor games in the spring, is important to maximize sales. The continual display and presentation of new toys, games and crafts will attract customers and generate higher sales. Looking into expanding operations and product lines towards video games and other growth segments (e.g. Building sets and action figures). Building up a well-designed online marketing channel can promote efficiency and cost savings. Expanding the international market to avoid the intense competition in the U.S. Retail Toy Industry. Closing underperforming stores to improve liquidity through the expertise of Vornado Realty Trust and reinvest the money back into the operation.

Promotion, training, above-average pay, a generous store bonus system, and the personal well-being are good approach for a company which wants to enlarge the

Today, competition between the businesses is extremely high thus companies need to find ways to be competitive. Organizations prepare the best market strategy to increase the company performance and the ways to keep their employee motivation on the highest level to perform well within the competition. At that time, several incentive pay programs play an important role for every organization to perform well within the competition.