December 08, 2016

Proposed Incentives for Destiny Planners;

BE a BIDDA: "BELIEVE, INSPIRE, DREAM, DO ACHIEVE"

A servant can only serve one master at a time;   only be pure Holy Gardener or Destiny Planner:

 For sales  Destiny Planners:


Draft Proposal

Objectives:

1.  To recruit more sellers;

2.  To motivate and reach sales targets

3.  To encourage sellers to stay long with the company


Definition of terms:

Total Cash Receipt:   Gross Receipt of customer payment which include the com, discount and Travelling allowance.

Net Cash receipt is  Cash receipt:   less

          com

          vat

          insurance

          transportation allowance.

Many of our additional incentives is based on the NCR

1.  Recruitment and training incentive

              P200.00 for every trainee who pass the exams and the recruiters

              free food (lunch for trainees for 3 days)

             P1,000  + certificate for top notchers in exam, 500 for the Sales Director

2.   Sales:

         1.    Monthly

            Ice breaker award   -    P1,000 for every branch, first sale for the month

            Full dp (20%)     -   P300.00 for plots (or annual payments for memorial plan

            Spot cash    -        2% of NLP provided the discount is less 5% or less, 1% only if sagad or                                          higher ang discount                      

           Small achievers award

           Monthly

                      BASED ON NET CASH RECEIVED (net of com if spot cash, PC, VAT, IF,                                      Transportation Collection allowance

                 NCR P20,000 a month                   P500.00 cash award    (eq to 0.05% of sales

                 NCR  of 50,000   a month              1,250 cash award (eq to 0.05 of sales, 2.5% of NCR

                 NCR of P100,000  a month             2,500 cash award (eq to 0.05 of sales, 2.5% of NCR

           For individuals reaching  sales target   0.5% of total sales or 2.5% of NCR

          NCR of 500,000                                     12,500 cash or travel equivalent/hotel gadgets

          NCR of P1,000,000                                25,000 cash or travel equivalent, hotel gadgets

          NCR of  2,000,000                              P 50,000 cash or travel, gadget equivalent

          NCR of  2,500,000                                 62,500

        Quarterly  and  and semestral awards  (group for incentives) assuming there are five members to a team.  There could be more

                     P2,500,000                                 P62,500

                      5,000,000                                 125,000

                     10,000,000                                250,000

                     12,500,000                                312,500

         Annual awards

                  Trophies, certificates, announcement in social media, mass media

             

      Warrior awards:

                  For sales topnotchers

     Millionaires award

                  Based on NCR (cumulative) for say 2 years)

   Lifetime achievement award:

                 Chairman;s circle  -   millionaire for the past 5 years

                 Presidential circle  -   millionaire for the past 2 years

Health Insurance

                Free health card for those who bring in business monthly for 2 years  NCR of P100,000                     per year

                Term life insurance for those who bring in business of at least NCR of P200,000 per year

Total costs would be about 5 to 7% of sales.    5% would come from ME, and 2% would come from GAI

 Targets and incentives  (based on cumulative NCR for a period)

95%   -    0.75

100%      1.00

110         1.5

120         1.75

130         2.00

Incentive Rate  (monthly based on NCR, pay out is quarterly)

             NSM      -   1%

             RSM      -    1.5

             BSM           2%

(Proposal for them is to have some allowances)

         Targets   per month

  "    NSM      -    2,000,000

       RSM            1,000,000

       BSM               500,000


Simulation:

      Assume 130  % performance:
                                                            Month           Qtr

            NSM  2,400,000 x 1x 2       =    48,000        144,000

            RSM   1,200,000 x 1.5 x 2     =  36,000        108,000

           BM        500,000 x 2  x 2      =     20,000         60,000


No comments:

Post a Comment

1. One of our beliefs is learning. It pays that you learn more to do more Just to survive you have to learn how forage in a forest or raise your food, catch prey

2. In order to discharge your job well, you have to learn your admin plan the process flow and standards.

3. To keep up with changes, you have to learn and read. There is no other way

4. signify that you have read by putting your name on this comment box. Every staff must: post the name on this comment box, or like, agree/will do. Your registering on this comment box is being graded under communication. Observe RRURAC: Read, Reflect, Understand, Realize (apply to reality) Apply, and Check (if it works)
You need to make __comments a month to qualify for promotion under our CCD

Read the posts on this site every AM talk. Many problems arise simply because people do not know what to do, because they did not read this site

We are making sure that you improve yourself, engage yourself in self improvement through this site...






Note: Only a member of this blog may post a comment.