The structure of a sales compensation plan differs by business and it is typically based on team organization, resources, and the goals. For example, one company might offer a higher basic salary, while another might prioritize commission. In this context, what conclusions can you draw on the best compensation plan that could work well for salesmen and management of the company? O a. Commission based only O b. Combined salary and incentive plan O c. Fringe benefit d. Straight salary plan

The structure of a sales compensation plan differs by business and it is typically based on team organization, resources, and the goals. For example, one company might offer a higher basic salary, while another might prioritize commission. In this context, what conclusions can you draw on the best compensation plan that could work well for salesmen and management of the company? O a. Commission based only O b. Combined salary and incentive plan O c. Fringe benefit d. Straight salary plan

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

See similar textbooks

Similar questions

Please write essay in Apa format with references to follow and citations please.
Reward refers to the total amount of monetary and non-monetary compensation paid to an employee in exchange for work or service performed at work. Which of the two types of compensation has the greatest influence on increasing performance? Explain.
Business management Question- Discuss the steps involved when determining an remuneration Package. employee's
define compensation, compensation philosophy, and critical components of a compensation strategy. Provide one solid example of an effective compensation practice/policy. Definition of compensation Overview of compensation philosophy Critical components of a compensation strategy Example of an effective compensation practice/policy
Historically, workers compensation programs in the United States have been based on assertions that: (1) workers benefit from a no-fault system, and (2) employers benefit from a position of limited liability for workplace injuries and diseases. This is known as the: A. experience rating principle. B. coordination of benefits principle. C. exclusive remedy principle. D. level playing field principle.
State true or false:- When performance appraisal takes on a career development focus, it adds consideration for an individual's career goals in addition to traditional ratings and rewards.
An overwhelming amount of compensation professionals (about 70%) use marked pricing as their primary method of job evaluation. True False
What are suggestions to improve the problems of forcing employees to sign salary reduction contracts ? the recommendations must be related on concepts of compensation management
Training and developmentAdequate training and development of the personnel who work in your business is important to achieve the objectives set during the planning process. That is why it is important to develop activities that promote the continuous development of staff. For this part of the assignment, write a training program that includes the following aspects: I. Identify several topics that you understand are important for human resource development.II. Identify the objectives you want to achieve with the training.III. Make a proposal with the resources that will be necessary to carry out the activities (internal, external speaker, etc.)
What is the role of employer branding in recruitment? Does your current (or a previous) employer manage their brand to help recruit qualified applicants? With the Great Resignation, employers are having a harder time filling open positions and retaining talent. Some employers might be tempted to become less selective in their hiring decisions and might hire people that they would not hire in a normal labor market. What is the danger of this approach?
What Factors Determine the Level Payment? What are the Definitions and Examples of How to Evaluate work? How to Organize and Create Competitive Payment Plan? How to Set a Payment for Managerial and Professional Jobs? Explain it comprehensive and provide examples What is the difference Between Payment Based Plans Competence and Traditional As one of the indicators of satisfaction in work is difficult to understand, because the views of the employees regarding direct rewards appears to be very subjective and is something typical in the industry. But basically with the presence of injustice in giving wages is a sources of employee dissatisfaction with compensation existing ones. Explain the strategies that must be done by corporate management so that there is no dispute related to wages, compensations and incentives and facilities provided by company employees Intended How indonesia's hr development strategyin the future globally and COMPETITIVEAdvantage? How to step in formulating a…
You work for a company that has 3 major health insurance companies; 2 vision insurance companies, and 2 dental insurance companies. There's is also 5 major pharmacy businesses willing to give you discounts if you signup with them. This is an example of which type of pay practices? a. Sills-based incentives b. Flexible (cafeteria benefits) program c. Participative Pay Decisions d. Gain-sharing Plan