Tag: Incentives
Manufacturers to providers: Stick with lift chairs
October 20, 2017Liz Beaulieu, Editor
YARMOUTH, Maine - With lift chair providers facing increasing competition, manufacturers have stepped in and launched programs to help them keep a toehold in the competitive market.Providers are feeling the heat from not only furniture retailers like La-Z-Boy, but also discount clubs like Costco and even e-commerce giants like Wayfair.“The lift chair market is so robust, to the degree that alternative channels are getting into the market in a bigger way,” said Micah Swick, director of...
Employee compensation: Detail sales incentive plans
June 22, 2012Ana McGary
A. Sales employees have a direct and measurable impact on the company's bottom line profit; thus, pay structures for sales employees are typically represented in the form of total target compensation rather than a fixed salary.Elements of a sales plan can be classified into fixed and incentive based. Total compensation may consist of either a commission-only or base salary plus commission component. Businesses selling high value services or products usually opt for a ratio of between 60%/40% and...