Total rewards program
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In a proposal plan expand your plan to include a total rewards program that enforces key organizational objectives in a retail business like, Wal-Mart, K-Mart, Target, Ect.
1. Create a comprehensive compensation and incentives plan that links and supports key organizational objectives.
2. Structure a reward and recognition plan that supports key organizational objectives.
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1. Create a comprehensive compensation and incentives plan that links and supports key organizational objectives.
The comprehensive compensation program that is appropriate to the stores is that the company will provide salaries to sales persons that amounts to $18,000 per annum. In addition, the sales persona will be given an incentive equal to 6% of sales made by her. It is expected that annually the sales person will make an average of $8,000 by way of commissions.
The annual salaries of sales supervisors will be $24,000 per annum. In addition, the sales person will be given an incentive of 2% of sales revenues made under her supervision. It is expected that a person will make $12,000 per annum as incentives.
The annual salaries of the store manager will be $32,000. In addition, he will get 5% of store profits as incentives and ½% of store sales revenues as incentives.
This incentive and ...
Education
- BSc , University of Calcutta
- MBA, Eastern Institute for Integrated Learning in Management
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