Incentives For Managers
Comments
-
Orkocean Registered User, Daily Operations Certified, Advanced Operations Certified, Administrator Certified, myHub Certified ✭✭✭✭✭
It varies depending on companies. I've seen flat $ rates and I've seen %. Every store is it's own entity so what may work for one site such as rental geared incentives would be pointless for a full site who has a delinquency issue. What are the key areas you identify needing the most improvement? I would start with those and work on bonuses that are fair to you and them. If you have investors you don't want to give away all the profits as bonuses and leave your investors short changed, but you also don't want to leave your worker feeling unappreciated.
Another aspect is aside from normal bonuses, do random contests to boost certain areas. Maybe a $10 bonus for every rental in a weekend to the store, a percentage of merchandise sales etc..
1 -
We get a commission every time we rent a unit, $20 unless we give a discount, Then receive $10 this adds up fast and is a nice addition to our paychecks!
7 -
Orkocean Registered User, Daily Operations Certified, Advanced Operations Certified, Administrator Certified, myHub Certified ✭✭✭✭✭Shoot RC.. I wish we had a rental based one here like that, we did 92 rentals last month and maybe 30% had discounts.2
-
our managers will get a monthly bonus if they make the company enough money for that month. couple hundred depending on how much they bring in. the company also gives Christmas bonuses as well.
1 -
go with what feels right for you and your manager!!!!2
Categories
- All Categories
- 2 What's New
- SiteLink Community Discussions
- 1.9K SiteLink General Discussions
- 79 SiteLink myHub
- 48 Lead to Lease
- 15 Price Optimization
- 36 SiteLink Certified Professional
- 185 How-To's
- 97 Training Videos
- 7 Other Resources
- 79 SiteLink, SpareFoot & storEDGE merge
- Self-Storage Operations
- 65 Starting Out in Self-Storage
- 3 3rd Party Management
- 223 Regional Discussions
- 188 Miscellaneous Discussions
- 39 Industry Webinars
- SiteLink Marketplace
- 62 Self-Storage Website Design & Listing Services
- 32 Credit Cards & Payment Processing
- 31 Self-Storage Call Centers & Kiosks
- 46 Notifications, SMS & Phone Integrations
- 92 Self-Storage Insurance, Legal & Auctions
- 11 Self-Storage Revenue Management & Analytics
- 24 Gates & Access for Self-Storage Facilities
- 10 Ancillary Services for Self-Storage Facilites
- Self-Storage Times
- 62 News
- 30 Opinion
- 146 Lifestyle