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REWARD
      MANAGEMENT OF
      RPG SPENCER’S &
      SHOPPER’S STOP

             Presented by:

REWARD MANAGEMENT IN RETAIL SECTOR

                              Joyeeta Sarkar
                              Kiran Thakur
                             Nabeela Khaled
                              Nahid Anjum
AGENDA




• An overview of the Indian Retail Sector
• Reward Management at Shoppers Stop
• Reward Management at Spencers
AN OVERVIEW OF THE INDIAN
                        RETAIL INDUSTRY


• Fifth largest global retail destination

• About 95% is the unorganised sector

• But organised sector or modern trade is fast catching up.

• Contributing about 10% of the country’s GDP and 8% of the
  employment

• Top 5 companies constitute about 2% of the retail sector

• More than 80% of the retail sector is located in big cities
REWARD MANAGEMENT AT
   SHOPPERS STOP
STRATEGIES ADOPTED BY
              SHOPPERS STOP


 “JO JEETA WOHI SIKANDER”

 “UBHARTA SITARA”

 “BEST GROOMED EMPLOYEE”

 “BEST CUSTOMER CARE ASSOCIATE”
“JO JEETA WOHI
                 SIKANDER”



              To promote a performance driven
OBJECTIVE
              culture across all functions




ELIGIBILITY
              Employees across all functions.


FREQUENCY     Held on a Quarterly basis
“JO JEETA WOHI SIKANDER”



 The reward scheme aims at motivating employees to perform
regardless of the function they are associated with.
 It aims at inculcating a performance driven culture at
Shoppers, which does not limit itself to just the store
operations, but also across other departments.
 Various parameters are set across different levels. Below
explained is the performance matrix for Jo JEETA WOHI
SIKANDER at the store level for Customer Service
Associates/Front line staff.
PERFORMANCE
                 MATRIX FOR “JO JEETA WOHI SIKANDER”



Parameters      Benchmark   Weightages    Actual Score   Weighted Score
First citizen   20 Nos      25            15             18.75
enrollment

Know your big   20 Nos      25            18             22.5
customer

Customer       10 Nos       10            10             10
feedback forms

Attendance      5 Nos       20            1              4

Sales Target    5 Nos       20            2              8

Product       60            100           46             63.25
Knowledge(Tes
t score
STRATEGIES ADOPTED


 Based on the above parameters, the Customer Service associates at
every division are marked.
This Report card in given 70% weightage & 30% weightage is given
for
behavior of employee.
 The immediate supervisor the employee is reporting to gives this
rating. The parameter weightages may vary from store to store
depending upon the square feet area and the business levels.
The employee earning the highest points from each
division is declared as the “Jo Jeeta Wohi Sikander” for that
particular department.
The JJWS award is given separately for each store, in the quarterly
meets held.
The winning employee receives a cash award and a badge.
“UBHARTA SITARA”



                 To encourage growth and talent
OBJECTIVE
                 development amongst employees



                 All new joinees at store level
ELIGIBILITY


                 Held on a Quarterly basis
FREQUENCY
SELECTION PROCESS FOR
                       “UBHARTA SITARA’


Once the induction process is over the new joinees undergo,
periodic tests & assessments.

The tests are held on a span of 3-4 months.

 The first test is a written test, the questions the new joinees on
induction learning’s, store formats, merchandising, basics of visual
merchandising etc.

There are four stages in all.

 On successful completition, the employee is awarded “Ubharta
Sitara”
“BEST GROOMED
                EMPLOYEE ”



               To encourage dressing etiquettes n
OBJECTIVE
               amongst front line employees.



ELIGIBILITY    All front line employees at store
               level

FREQUENCY      Held on a monthly basis
PROCESS…



 All the employees are evaluated on their dressing sense, attire,
cleanliness and hygiene while at work
 Employees are evaluted by officer whom they are reporting to
 The scores for the entire department are collated and passed
on to the storeHr.

 The Store Hr officer along with the stores manager take a
joint decision based on the scores to award the best groomed
employee of the month.
 The winning employee is awarded a gift voucher
“BEST CUSTOMER CARE
                   ASSOCIATE”



                 To increase efficiency amongst
OBJECTIVE        front line employees


ELIGIBILITY      All front line employees at store
                 level


FREQUENCY        Held on a quarterly basis
PARAMETERS


   Attendance

   Punctuality at work

   Dressing Etiquettes

   Interaction with customers

   Customer Feedback forms

The best customer care associate is awarded a cash reward, badge
  a certificate during the quarterly zonal meet.
REWARD MANAGEMENT AT
      SPENCERS
RPG SPENCERS




            Reward & Recognition Strategies:-
Best Store Award

Best Customer Service Associate Award

Best Cashier Award

Best Category Award

Honesty Award
REWARD & RECOGNITION
                       STRATEGIES:-



                   Best Store Award
 Objective: To promote intra- store competition and in effect
further sales.
 Eligibility: All store employees
 Frequency: Held on an annual basis
            Parameters for selection are:
 Achievement of set store targets for the year
 Shrinkage achieved
 Visual Merchandising
 Sales growth achieved (month and month)
REWARD & RECOGNITION
                     STRATEGIES:-



Best Customer Service Associate Award
Objective: To enhance customer delight
Eligibility: All front line store employees
Frequency: Held on a quarterly basis
             Parameters for selection:
Grooming standards
Attendance
Customer Service
Customer Feedback
REWARD & RECOGNITION
                      STRATEGIES:-




                Best Cashier Award
Objective: To enhance selling at cash points
Eligibility: Employees working at cashiers
Frequency: Held on a quarterly basis
             Parameters for selection
Cash Shortage
Day begin-Day end
Number of bills
Zero billing Error
REWARD & RECOGNITION
                      STRATEGIES:-




                 Best Category Award
Objective: To enhance inter category competition & teamwork
Eligibility: All employees working in that category
Frequency: Held on a quarterly basis
                       Parameters
Visual Display
Category sales
Category Shrinkage
Category margin
REWARD & RECOGNITION
                      STRATEGIES:-



                    Honesty Award
 Objective: To encourage honesty & integrity among employees
 Eligibility: All front line employees
 Frequency: Held on a quarterly basis
                         Parameters:
  Based on comments received by customers on user feedback
forms & special nominations by peers
Reward Management in Retail Sector

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Reward Management in Retail Sector

  • 1. REWARD MANAGEMENT OF RPG SPENCER’S & SHOPPER’S STOP Presented by: REWARD MANAGEMENT IN RETAIL SECTOR Joyeeta Sarkar Kiran Thakur Nabeela Khaled Nahid Anjum
  • 2. AGENDA • An overview of the Indian Retail Sector • Reward Management at Shoppers Stop • Reward Management at Spencers
  • 3. AN OVERVIEW OF THE INDIAN RETAIL INDUSTRY • Fifth largest global retail destination • About 95% is the unorganised sector • But organised sector or modern trade is fast catching up. • Contributing about 10% of the country’s GDP and 8% of the employment • Top 5 companies constitute about 2% of the retail sector • More than 80% of the retail sector is located in big cities
  • 4. REWARD MANAGEMENT AT SHOPPERS STOP
  • 5. STRATEGIES ADOPTED BY SHOPPERS STOP  “JO JEETA WOHI SIKANDER”  “UBHARTA SITARA”  “BEST GROOMED EMPLOYEE”  “BEST CUSTOMER CARE ASSOCIATE”
  • 6. “JO JEETA WOHI SIKANDER” To promote a performance driven OBJECTIVE culture across all functions ELIGIBILITY Employees across all functions. FREQUENCY Held on a Quarterly basis
  • 7. “JO JEETA WOHI SIKANDER” The reward scheme aims at motivating employees to perform regardless of the function they are associated with. It aims at inculcating a performance driven culture at Shoppers, which does not limit itself to just the store operations, but also across other departments. Various parameters are set across different levels. Below explained is the performance matrix for Jo JEETA WOHI SIKANDER at the store level for Customer Service Associates/Front line staff.
  • 8. PERFORMANCE MATRIX FOR “JO JEETA WOHI SIKANDER” Parameters Benchmark Weightages Actual Score Weighted Score First citizen 20 Nos 25 15 18.75 enrollment Know your big 20 Nos 25 18 22.5 customer Customer 10 Nos 10 10 10 feedback forms Attendance 5 Nos 20 1 4 Sales Target 5 Nos 20 2 8 Product 60 100 46 63.25 Knowledge(Tes t score
  • 9. STRATEGIES ADOPTED Based on the above parameters, the Customer Service associates at every division are marked. This Report card in given 70% weightage & 30% weightage is given for behavior of employee. The immediate supervisor the employee is reporting to gives this rating. The parameter weightages may vary from store to store depending upon the square feet area and the business levels. The employee earning the highest points from each division is declared as the “Jo Jeeta Wohi Sikander” for that particular department. The JJWS award is given separately for each store, in the quarterly meets held. The winning employee receives a cash award and a badge.
  • 10. “UBHARTA SITARA” To encourage growth and talent OBJECTIVE development amongst employees All new joinees at store level ELIGIBILITY Held on a Quarterly basis FREQUENCY
  • 11. SELECTION PROCESS FOR “UBHARTA SITARA’ Once the induction process is over the new joinees undergo, periodic tests & assessments. The tests are held on a span of 3-4 months. The first test is a written test, the questions the new joinees on induction learning’s, store formats, merchandising, basics of visual merchandising etc. There are four stages in all. On successful completition, the employee is awarded “Ubharta Sitara”
  • 12. “BEST GROOMED EMPLOYEE ” To encourage dressing etiquettes n OBJECTIVE amongst front line employees. ELIGIBILITY All front line employees at store level FREQUENCY Held on a monthly basis
  • 13. PROCESS… All the employees are evaluated on their dressing sense, attire, cleanliness and hygiene while at work Employees are evaluted by officer whom they are reporting to The scores for the entire department are collated and passed on to the storeHr. The Store Hr officer along with the stores manager take a joint decision based on the scores to award the best groomed employee of the month. The winning employee is awarded a gift voucher
  • 14. “BEST CUSTOMER CARE ASSOCIATE” To increase efficiency amongst OBJECTIVE front line employees ELIGIBILITY All front line employees at store level FREQUENCY Held on a quarterly basis
  • 15. PARAMETERS Attendance Punctuality at work Dressing Etiquettes Interaction with customers Customer Feedback forms The best customer care associate is awarded a cash reward, badge a certificate during the quarterly zonal meet.
  • 17. RPG SPENCERS Reward & Recognition Strategies:- Best Store Award Best Customer Service Associate Award Best Cashier Award Best Category Award Honesty Award
  • 18. REWARD & RECOGNITION STRATEGIES:- Best Store Award Objective: To promote intra- store competition and in effect further sales. Eligibility: All store employees Frequency: Held on an annual basis Parameters for selection are: Achievement of set store targets for the year Shrinkage achieved Visual Merchandising Sales growth achieved (month and month)
  • 19. REWARD & RECOGNITION STRATEGIES:- Best Customer Service Associate Award Objective: To enhance customer delight Eligibility: All front line store employees Frequency: Held on a quarterly basis Parameters for selection: Grooming standards Attendance Customer Service Customer Feedback
  • 20. REWARD & RECOGNITION STRATEGIES:- Best Cashier Award Objective: To enhance selling at cash points Eligibility: Employees working at cashiers Frequency: Held on a quarterly basis Parameters for selection Cash Shortage Day begin-Day end Number of bills Zero billing Error
  • 21. REWARD & RECOGNITION STRATEGIES:- Best Category Award Objective: To enhance inter category competition & teamwork Eligibility: All employees working in that category Frequency: Held on a quarterly basis Parameters Visual Display Category sales Category Shrinkage Category margin
  • 22. REWARD & RECOGNITION STRATEGIES:- Honesty Award Objective: To encourage honesty & integrity among employees Eligibility: All front line employees Frequency: Held on a quarterly basis Parameters: Based on comments received by customers on user feedback forms & special nominations by peers

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