Chihanick Sales Incentives Jeffrey Martinez Get greedy this holiday season? Pushed that credit limit to the max? Have no worries my friends!! We’re going to the stash and bringing you some bailout cash WITH… More details for this exciting 4-week contest to come!!! “BAILOUT BANANZA” One month contest, with prizes that will be issued weekly. Theme and décor will focus on Telesales reps receiving bailouts for a job well done. Reps compete in various week long contests that focus on Q1 key KPI initiatives for the center. Reps will have the opportunity to earn other bailout prizes: i.e.. lunch, phones, jean passes and more for exceptional daily/weekly results. Targets will be communicated to the floor February 1st Reports will be pulled daily by the incentives coordinator using PEAK, Adds by Day and Rockwell reports. Results will be posted three times weekly to the floor. PROPOSED BUDGET FOR Q1 Month Q1 Budget A 1500 Q1 Budget B 2400 Q1 Budget C 3000 January 500 800 1000 February 500 800 1000 March 500 800 1000 JANUARY’S INCENTIVE BUDGET Items Cash Bailouts Lunch Bailouts Décor Misc Plan A $500 8x 25 Gift Certs $ 200 8x Fire House Subs at $12.5 per head $100 Theme 2x $50 phones (optional) 4x Dress Day Bail outs 4x Flex Bail Outs Plan B $800 8x 25 Gift Certs $ 200 8x Fire House Subs at 12.50 per head $100 Theme 2x $100 phones (optional) 4x Dress Day Bail outs 4x Flex Bail Outs Plan C $1000 8x 50 Gift Certs $ 800 8x Fire House Subs at 12.50 per head $100 Theme 2x $75 phones (optional) 4x Dress Day Bail outs 4x Flex Bail Outs Q1 KPI Focus Credit Application Take Rate Close Ratio Accessory Take Rate Quality Incentive Rules Four weekly competitions Results driven by KPI metrics Weekly winners will be based on most improved in each KPI category Weekly winners will be announced each Monday and prizes awarded at 4 O’Clock huddle Each winner will be entered into a grand prize raffle which will be awarded at the end of the competition Center Communication January 20th teaser email sent to the sales floor January 25th-29th attend team huddles to officially roll out contest. January 27th roll out competition details on target vision. January 28th desk drop highlighting theme of event. February 1st official start of contest Week 1 contest email sent to floor same day of contest start THE MONEY Y0U COULD BE MAKING He's been following most of you for a long time. He looks tired. KPI could make you an extra 10% or more on your next commissions check. Lets help him out and give that money a home by hitting the key KPI metrics for this month! THE MONEY YOU COULD BE MAKING One month contest. Theme and décor will highlight the “Money you could be making” by hitting the various stretch KPI targets each week. Teams will compete in week long contests and paired up based off of the Final January Blend KPI metrics. Reps and supervisors will have the opportunity to earn prizes: i.e.. lunch, phones, jean passes and more for exceptional daily/weekly results. Targets will be communicated to the floor March 1st Reports will be pulled daily by the incentives coordinator using PEAK, Adds by Day and Rockwell reports. Results will be communicated twice a week to the floor. THE MONEY YOU COULD BE MAKING Items Plan A $800 Plan B $1000 5x 50$ Gift Cert. 5x 50 Gift Cert. Top Sup 100$ Gift Cert Top Sup 100$ Gift Cert Food prizes 3x Lenny’s Team lunch $300 3x Lenny’s Team Lunch $300 Décor Theme $150 Theme $150 Awards 50$ 2x phones (optional) 4xJeans pass 4x Flex Option Awards 200$ 2x phones (optional) 4x Jeans Pass 4x Flex Option Money you made Misc Q1 KPI Focus Credit Application Take Rate Close Ratio Accessory Take Rate DAPC Incentive Rules Supervisors will be paired up based on KPI metrics from January’s Final Blend. Two KPI numbers will be chosen weekly. The team that shows greatest week over week improvement will move on to next round of competition. At the start of the week two, new targets will be assigned but this time competing supervisors will bid on the target they can hit at the end of the week 2. Example: Sup 1 finishes week 1 at .86 ATR. Sup 1 states “I think I can make 1.00 ATR by week end.” Sup 2 can option out of bidding or make the other team prove it. If the team hits number or surpasses the target they will move on to the next round. Team lunch will be awarded to top 3 teams. Top 10 sales reps that have attained 100% of quota and increased their KPI targets 10% or more for the month. Center Communication February 22nd teaser e-mail sent to the sales floor February 22nd-26th attend team huddles to roll out contest rules February 24th roll out competition details on target vision. February 25th desk drop highlighting theme of event. March 1st official start of contest Week 1 contest email and team pairings sent to floor same day of contest start