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5 Cards in this Set
- Front
- Back
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KSS Furniture wants to strengthen the performance-reward relationship and thus motivate the affected employees. Sales volume is important, so our salespeople are commission based.Employees sell products, they get paid. Which helps create a relationship between what they do and what they get.
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Incentive pay |
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For the best three sales associate, a merit pay increase will be awarded periodically.Prizes like trips will be offered. |
Individual Bonuses |
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Stock options will be offered at a lower rate for higher performing staff.Offering managerial staff stock options gives the incentives to managers to make sure KSS Furniture does well. If KSS Furniture is not selling then stocks are decreasing. |
Incentives for managerial personnel |
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This insures stock prices do not inaccurately measure KSS Furniture's performance. We want to link executive compensation to organizational perfomance. |
Pay-for-performance analysis will be performed in three year periods. |
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Online virtual site will be mandatory for employees who want benefits.Employees can check information and update as needed. |
Communication the benefits package |
