Friday, February 22, 2013

Riordan

COMPENSATION PLAN

Introduction & General Description

My goal is to offer my gross gross revenue team a competitive compensation incase that provides able incentives to motivate the employees to do their best. The key to achieving this goal is balance. The compensation package must go above and beyond either commissions or salary in order to retain talent, motivate the sales staff, and to allow InterClean to achieve is maximum profitability. The compensation package is slack to understand and relatively simple to implement. An effective total rewards scheme results in satisfied, engaged and productive employees, who in turn shape desired business performance results.

The premiere step in ensuring a successful compensation package lead be to strike a balance between salary and commission. A compensation package that emphasizes salary over commission will enable me, as a manager, to make greater demands upon the sales team and how the employees allocate their time; while a have a bun in the oven package that emphasizes commissions will motivate the sales team to run more time merchandising and booking new orders rather than other work that will not result in new sales.

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Because InterClean is concerned will not only selling a quality product, but also providing quality service, it is haughty that the proper balance between salary and commission is suppose so that the salespeople are not only motivated to end sales, but also to provide the best service possible.

The overall compensation package proposed in this plan includes a cabal of salary, commission and incentive components, along with common benefits such as health insurance, retirement savings plan, and paid time off. The first component of the compensation package will be a base salary that assures the employees a guaranteed income with the comfort and security of knowledgeable that despite the peaks and valleys of the economy, they will have the ability to maintain their measuring of living and current lifestyle....If you want to get a expert essay, order it on our website: Orderessay



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