INCENTIVE SLAB FOR SALES
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Search Result For "INCENTIVE SLAB FOR SALES" - Page 1
Alka, I suggest you adopt a piece-rate system after benchmarking the bare minimum. For example, set the salary at 50k with a bare minimum target of 150k (offering 5% incentives on achieving the target), 150k to 250k range earning 10% incentives upon hitting the ...
Hi, I am Alka Kaushik, working in Gurgaon as a Senior Executive HR for a freight forwarding company. I am presently working on the recruitment of a Sales Manager for our Mumbai Branch, for which I require an effective incentive plan.In general, it is structured ...
I think it's hard to answer this question without having proper information about the target of the other sales staff. However, as a manager, I think he/she should be entitled to a percentage of the total target amount achieved by his team members!
Mr. Bhatia has posted a good solution. I would like to add a few more details.Let's begin like this - Q: Why incentive? A: To stimulate growth and share revenue accrued out of growth. Work standards are difficult to put in place for Sales, so let us take a round...
Thank you for your quick help, Mr. Bhatia.When should incentives be paid to the salespeople? Should incentives be paid after all payments for sales made are collected, or should they be paid when the dispatch is in transit or if payment is not collected against ...
Kavita, please refer to your query above:Normally, the payment of incentives for performance in a quarter is made after the realization of sales revenues. The reason for this is that 'Purchase Orders' may sometimes be cancelled by the purchaser. Keeping the abov...
There are no standard policies on 'Incentives', though the objective in most cases is to reward those sales executives who contribute to the growth of sales revenues. The entire cycle starts with the overall sales revenues desired to be generated by the Sales Te...
Certainly! When designing an incentive structure for automobile sales consultants, it's crucial to align the incentives with the company's goals and the sales team's motivation. Here's a practical guide to creating an effective incentive structure:**Understandin...
Hi, does anybody have the sales incentive structure of TVS or CAI in Coimbatore? Please help.
Hi,I need help in creating an incentive structure for our sales team. Please provide insights on:- What should be included in the incentive plan/policy?- What percentage of incentive is appropriate for a salesperson in the IT industry for different targets, cons...