Individual incentives
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Several stores have poor overall sales volume and ongoing chaos due to the staff taking unscheduled absences. Others have issues with inventory and theft. All the stores want to address cleanliness and customer satisfaction problems.
Overall, officials with the company feel they can commit no more than an additional $200 per employee per year as an individual incentive and no more than $500 per year for the same store or corporate incentives.
Next, discuss store- or corporation-wide incentives. Generate a group recommendation for two possible avenues of same-store incentives and two possible avenues for corporation-wide incentives. Present these recommendations in the form of a recommendation to Morry and Mo Gassup, owners of StopNShopNow Inc.
Measurable Terminal Course Objective: Develop an incentive plan for a given organization.
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The response address the queries posted in 789 words with references.
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The response address the queries posted in 789 words with references.
//Before developing an incentive plan for the store, first we will discuss the major problem and the reason of the reduction in the sales volume and profit level. We will also discuss the other various issues, which affect to the inventory level or sales level in an organization.\
StopNShopNow Inc.
Today, the market share of the StopNShopNow Inc. Is declining due to the critical problems of the extra leaves taken by the employees, raw material shortage and theft, which reduce the overall net sales revenues of the year. In order to control the unexpected leaves, the company has to offer incentive in order to motivate and improve the productivity of employees. It has to offer the monetary inducement to employees to perform beyond set standards because incentives are related directly or indirectly to productivity and profitability of the organization.
//Above, we discussed the problems and the reasons of the StopNShopNow Inc. Now as per the requirement, we will prepare a stock incentive plan for the store. It will be helpful to improve the sales revenue and will also cause an optimal management of the inventory. We will also discuss the corporate wide incentive plan. You are free to add other incentive plan for your portion.\
Store ...
Education
- MBA (IP), International Center for Internationa Business
- BBA, University of Rajasthan
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