Chapter 17 Managing the Store McGraw-Hill/Irwin Retailing Management, 7/e © 2008 by The McGraw-Hill Companies, All rights reserved. 17-2 Store Management Layout, Design, and Visual Merchandising Chapter 18 Customer Service Chapter 19 Managing the Store Chapter 17 17-3 17-4 Questions ■ What are the responsibilities of store managers? ■ How do store managers recruit, select, motivate, train, and evaluate their employees? ■ How do store managers compensate their salespeople? ■ What legal and ethical issues must store managers consider in managing their employees? ■ What can store managers do to increase productivity and reduce costs? ■ How can store mangers reduce inventory losses due to employee theft and shoplifting? 17-5 Store Managers Run a Business “This is your business. Do your own thing. Don’t listen to us in Seattle, listen to your customers. We give you permission to take care of your customers.” James Nordstrom, the CEO of Nordstrom’s 17-6 Strategic Importance of Store Management ■ Opportunity to Build Strategic Advantage Difficult to Have Unique, Compelling Merchandise Customer Loyalty Often Based on Customer Service ■ Difficulty of Store Managers Job Managing Diverse Set of Unskilled People Increasing Empowerment and Responsibility to Tailor Merchandise and Presentation to Local Community 17-7 Store Managers’ Responsibilities ■ Varies Dramatically By Type of Retailers Specialty Store vs. Department Store ■ Entrepreneur P & L Responsibility Manage People © Digital Vision ■ Responsible for Two Critical Assets People Sales/Employees Real Estate Sales/Square Foot 17-8 Responsibilities of Store Managers Undertaken by Store Managers 17-9 Steps in Employment Management Process 17-10 Recruiting and Selecting Employees Undertake Job Analysis Identify essential activities and determine the qualifications of employees Prepare Job Description Activities to be performed and performance expectations in quantitative terms Select Employees Locate Prospective Employees Use employees as talent scouts Screen Candidates Application forms references, testing, realistic job preview 17-11 Questions for Undertaking Job Analysis 17-12 Interviewing Questions 17-13 Suggestions for Questioning Applicant ■ Avoid asking questions that have multiple parts ■ Avoid asking leading questions like “Are you prepared to provide good customer service?” ■ Be an active listener. Evaluate the information being presented and sort out the important comments from the unimportant. repeat or rephrase information summarize the conversation tolerate silence 17-14 Legal Considerations in Hiring and Selecting Employees ■ Equal Employment Opportunity Commission (EEOC) ■ Age Discrimination and Employment Act Disparate Treatment Disparate Impact ■ Americans with Disabilities Act (ADA) 17-15 Orientation and Training Employees ■ Orientation Program ■ Training Store Employees Structured program On-the-job learning experiences E-training Blended Approach Analyzing Successes and Failures 17-16 Nike’s e-learning training solution: Sports Knowledge Underground 17-17 Motivating and Managing Employees Setting Goals Providing Incentives to Achieve Goals Measuring Performance Providing Feedback 17-18 Motivating and Managing Employees ■ Leadership Process by which one person attempts to influence another to accomplish some goal or goals ■ Leader Behaviors Task performance behaviors – planning, organizing, motivating, evaluating, coordinating store employees’ activities Group Maintenance – activities undertaken to make sure that employees are satisfied and work well together ■ Leader decision making Autocratic leader Democratic leader ■ Leadership Styles Transformational leaders – get people to transcend their personal needs for the sake of the group and generate excitement 17-19 Democratic Leader The manager of this Sandy Hill, Utah, Shopko store is a democratic leader who holds meetings to keep employees informed about company and store activities. He encourages them to make suggestions about improving store performance. 17-20 Motivating Employees Motivating employees to perform up to their potential may be store managers’ most important but also frustrating task 17-21 Setting Goals How High? How Easy to Achieve? Get Participation of Employees in Setting Goals Royalty-Free/CORBIS This Sears manager builds morale and motivates her sales associates by holding “ready meetings” before the store opens. At this meeting, the manager is discussing Approaches for improving customer service. 17-22 Why Set Goals? Employee performance improves when employees feel: ■ That their efforts will enable them to achieve the goals set for them by their managers ■ That they’ll receive rewards they value if they achieve their goals Royalty-Free/CORBIS 17-23 Individualized Motivation Programs ■ Impact of Goals Differs Across People ■ Different People Seek Different Rewards A La Carte Reward Programs Selection of Compensation Plans Steve Cole/Getty Images 17-24 Maintaining Morale ■ Meetings before store opening to talk about new merchandise and hear employee opinions ■ Educate employees about the firm’s finances, set achievable goals and have a pizza party when goals are met ■ Divide charity budget and ask employees how their share should be used ■ Print stickers – sandwich was “wrapped by Roger” Pando Hall / Getty Images ■ Give every employee a business card with the company mission statement printed on the back 17-25 Sexual Harassment Sexual harassment is unwelcomed sexual advances, requests for sexual favors, and other verbal and physical contact 17-26 Procedure for Sexual Harassment Allegation 17-27 Evaluating and Providing Feedback to Employees Evaluation Who, when, how often? Feedback Performance outcome vs. process 17-28 Factors Used to Evaluate Sales Associates at a Specialty Store 17-29 Evaluation ■ Who Should Do the Evaluation? In large retail firms – System is Designed by Human Resource Department Evaluation is done by immediate supervisors ■ How Often Should Evaluations Be Made? Annually or semiannually Feedback from evaluations is the most effective method for improving employee skills ■ Format for Evaluations Objective measures (sales, margin, shrinkage, etc) Subjective measures (supervisors’ evaluations) ■ Evaluation Errors 17-30 Common Evaluation Errors Strickness Ratings unduly negative Leniency Rating unduly positive Haloing Using the same rating on all aspects of the evaluation Recency Placing too much weight on recent events rather than evaluating performance over the entire period Contrast Having the evaluation of a salesperson unduly influenced by the evaluation of other salespeople Attributions Making errors in identifying causes of the salesperson’s performance 17-31 Jim Taylor’s Six Month Evaluation 17-32 Compensating and Rewarding Employees ■ Extrinsic Rewards are rewards provided by either the employee’s manager or the firm such as compensation, promotion and recognition A la carte plans: give effective employees a choice of rewards for their good performance ■ Intrinsic Rewards are rewards employees get personally from doing their job well like doing their job well because they think it is challenging and fun Job enrichment: the redesign of a job to include a greater range of tasks and responsibilities 17-33 Compensation Programs ■ A compensation plan is effective for motivating and retaining employees when the employees feel the plan is fair and that their compensation is related to their efforts ■ Types Straight salary compensation Incentive compensation plans • Straight commission • Quota bonus plan Group incentives Royalty-Free/CORBIS 17-34 Designing the Compensation Program ■ Two elements: the amount of compensation The percentage of compensation based on incentives ■ Incentive compensation is most effective when performance can be measured easily and precisely Difficult to measure teamwork, non-selling activities, customer service, merchandising performance 17-35 Straight Salary vs Incentive Compensation Straight Salary Incentive Compensation Offers flexibility in assigning employees to activities Has high motivating potential Builds stronger employee commitment Has more variable cost Is easy for employees to understand Relates compensation to productivity Is easy to administer Allows for better performance of non-selling activities such as customer service 17-36 Setting the Commission Percentage Determine Appropriate Compensation $12/Hour Decide on Percent of Incentives 1/3 Salary 2/3 Incentive Use Average Sales Per Employee to Set Incentive Rate Sales/Person - $150 5.33% Commission $4/Hour Salary $4 + 5.33% x $150 = $12 17-37 Controlling Costs Energy Heating Lighting Labor Scheduling Costs Controlled by Store Managers Maintenance Inventory Shrinkage 17-38 Labor Scheduling System 17-39 Reducing Inventory Shrinkage Total shrinkage in the U.S. is estimated at $40.5 billion annually Shrinkage is the difference between the recorded value of inventory (at retail prices) and the value of the actual inventory (at retail prices) in stores and distribution centers divided by retail sales during the period Shrinkage = Accounting Record – Actual Inventory $1,500,000 - $1,236,00 Sales = 6.2% $4,225,000 17-40 Sources of Inventory Shrinkage Shoplifting 32% Mistakes and Inaccurate Records 14% Vendor Errors 4% Unaccounted 3% Employee Theft 47% 17-41 Organized and High Tech Retail Theft ■ Concentrate in over-the-counter medications, infant formula, health and beauty aids, electronics and specialty clothing ■ Items that are easy to sell through Internet like eBay auctions ■ Technology based scams Counterfeit bar codes at lower prices Gift cards Receipt frauds PhotoLink/Getty Images 17-42 Detecting and Preventing Shoplifting ■ Store design ■ Merchandise Policies ■ Security measures Dye capsules, CTV cameras Electronic Article Surveillance (EAS) ■ Personnel Policies ■ Employee training ■ Prosecution EAS tag 17-43 Spotting Shoplifters 17-44 Reducing Employee Theft Total inventory shrinkage attributed to employee theft is approximately $19 billion annually in the U.S. ■ Trusting, supportive work atmosphere ■ Employee screening Honesty test, extensive reference checks, drug testing ■ Security policies and control systems Employee theft is an HR problem 17-45 Security Measures Used by Retailers 17-46