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The Product Specialist Job Description Blueprint

Hireology

Their job relies on commission, and that has put a bad taste in the mouths of car buyers everywhere. They work on a fixed salary as opposed to hitting monthly sales numbers, allowing them to focus all of their energy on finding the best car for customers. Explain product performance and benefits. Build strong rapport with customers.

401(k) 148
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Demystifying Compensation with Data-Driven Total Rewards Statements

15Five

Unfortunately, many potential candidates and existing employees don’t comprehend the total value of their compensation package outside of salary alone. bonuses, commissions) Long-term incentives (e.g. Studies show that the average employee doesn’t fully understand their compensation package.

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Employee value proposition in action: Compelling real-world examples

Business Management Daily

Top talent with more specialized skills and training will expect more from their employers, such as higher salaries, more perks, and flexibility around remote work. Compensation includes the employee’s hourly wage or salary, along with added forms of payment like commissions or bonuses.

Salary 105
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How Your Dealership F&I Employees Can Drive Customer Satisfaction

Hireology

F&I menus typically offer car buyers between four and eight options and ensure every customer is presented every product in a consistent and timely manner. Instead of working 80 hours a week on a commission-based plan, F&I managers at Southwest Kia now work an average of 40-45 hours per week.

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Post-pandemic employee turnover: Why it’s happening and what to do about it

Insperity

According to the 2021 Employee Engagement and Retention Report , commissioned by the Achievers Workforce Institute, 52% of employees in North America will look for a new job in the near future. Amid business closures and industrywide downturns, and with the ensuing widespread layoffs or reductions in salary and benefits, uncertainty reigned.

IT 139
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How to handle compensation during uncertain times

Insperity

You could also consider merely reducing the percentage of their base salaries that employees are eligible to earn. per hour for non-exempt employees Minimum salary of $684 per week ($35,568 annually) for exempt employees. Your employees’ new salary should be enough to cover their current benefit contributions. Premium pay.

Bonuses 115
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Employee financial wellness: Why it matters in the workplace

Insperity

59% of employees feel their salary has not maintained pace with the rising cost of living. You also don’t want to have to continually replace people who leave for a better salary – it’s costly and time consuming to recruit and train new employees. But increased salaries may not always be feasible.

401(k) 105