Review and Revision of Jaegers Employee Bonus Scheme to Support Sales Growth in Upcoming Seasons

Student, A. (2015) Review and Revision of Jaegers Employee Bonus Scheme to Support Sales Growth in Upcoming Seasons. Undergraduate thesis, University of Chichester.

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Abstract

This management project looks into the current Jaeger bonus scheme in place within
stores and whether there are any barrier hindering the effectiveness of the scheme.
Research has been completed to gain an insight into how employees feel about the
scheme and whether there are any ways to enhance the current scheme to better
meet the employee needs along with meeting different targets set by the business.
The research also suggests there could be an underlying problem with staff
motivation and morale within stores. However, this would need further investigation
into as the research provided only suggest an issue rather than confirms any
problems within stores.
The overall conclusion of the research suggests the current bonus scheme needs to
be enhanced to be used as a primary tool to motivate employees within stores.
Similarly, the scheme needs to be enhanced to ensure all targets set by Jaeger
Head Office are associated with the bonus scheme. This would put focus on all
targets, rather than just the sales targets ensuring all staff members are working
together to achieve the same targets.
Recommendations have been made to enhance the current bonus scheme by using
the data collected along with secondary research and reading of best practise within
the retail field. Both the primary and secondary research suggest there are many
ways to enhance the current scheme rather than put together a new scheme a
implementing it. The main recommendation that arose from the research was that
Jaeger employees feel that other KPI’s (Key Performance Indicators) discussed,
along with sales targets should be the targets that make up the factors in employees
receiving a bonus payment rather than just meeting sales targets.

Item Type: Thesis (Undergraduate)
Uncontrolled Keywords: Human Resources
Subjects: H Social Sciences > HC Economic History and Conditions
H Social Sciences > HF Commerce
Divisions: Departments > Business School
Undergraduate Dissertations
Depositing User: Steve Bowman
Date Deposited: 29 Jul 2015 11:09
Last Modified: 13 Aug 2015 13:31
URI: http://eprints.chi.ac.uk/id/eprint/1458

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