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Manager's Commission Video Lecture | Accountancy Class 11 - Commerce

82 videos|105 docs|42 tests

FAQs on Manager's Commission Video Lecture - Accountancy Class 11 - Commerce

1. What is a manager's commission?
Ans. A manager's commission refers to the monetary compensation that a manager receives based on their performance in achieving certain targets or goals set by the company. It is typically a percentage of the sales or profits generated by the team or department they oversee.
2. How is a manager's commission calculated?
Ans. The calculation of a manager's commission varies depending on the company's policies and industry norms. It is generally based on a percentage of the sales or profits generated by the team or department they manage. The specific formula may include factors such as individual performance, team performance, and the overall financial performance of the company.
3. What are the benefits of offering a manager's commission?
Ans. Offering a manager's commission can incentivize managers to drive sales and improve team performance. It aligns their interests with the company's goals, motivates them to work harder, and rewards them for their efforts. It can also attract and retain talented managers who are motivated by financial incentives.
4. Are there any disadvantages to implementing a manager's commission structure?
Ans. While a manager's commission structure can be beneficial, it also has potential disadvantages. It may create a competitive or cutthroat environment among managers, leading to unhealthy competition and conflicts within the team. Additionally, if the commission structure is poorly designed, it may encourage managers to prioritize short-term gains over long-term sustainability and customer satisfaction.
5. How can a company ensure a fair and effective manager's commission structure?
Ans. To ensure a fair and effective manager's commission structure, a company should carefully design the commission plan. This involves setting clear and realistic targets, defining the metrics used to measure performance, and establishing a transparent and consistent calculation method. Regular monitoring, feedback, and evaluation can help identify any issues or necessary adjustments to maintain fairness and effectiveness in the commission structure.
82 videos|105 docs|42 tests

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