A Sporting Chance operates a system of both financial and non-financial motivation. Name, and describe one financial and one non-financial method of motivation which would...

      

A Sporting Chance operates a system of both financial and non-financial motivation. Name, and describe one financial and one non-financial method of motivation which would be the most suitable for the new Sales Manager.

  

Answers


Lydia
Most suitable method of Financial motivation:
• Commission/bonus
Description of Commission:
• Is an extra financial reward which is paid to sales staff and is calculated as a percentage of the sales which the salesperson makes.
• Bonus – an extra payment made for good work, example meeting sales targets
Most appropriate method of Non-Financial motivation:
• Fringe Benefits
Description of Fringe Benefits:
• Are extra perks given to members of staff For sales staff, the most likely fringe benefits would be luncheon vouchers, discount on goods or free uniforms.
lydiajane74 answered the question on July 23, 2018 at 07:49


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