Automation of Rewards System

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Today, retailers are working hard to defeat cut-throat competition and attract consumers as online shopping has become a prevalent trend. Retail workers success plays an important role in enhancing operational productivity, creating loyalty to consumers and raising profits. With each passing day, demands for better facilities and outstanding client experience are escalating. It is a challenge for retailers to provide consumers with a great shopping experience. The task of a retail manager is to create a team of highly motivated, committed and efficient workers who can ensure a satisfying experience for customers. Managing and enhancing staff efficiency is a common task for managers. Any other challenges that managers face every day are clarifying job roles and objectives, aligning their ambitions with company needs, cultivating talent to deliver excellent customer support, and keeping them motivated to maximize business profits. Organizational efficiency will not be measured for a long time by the number of workers employed for the company. It’s all about workers motivation and the level of satisfaction. It is important to understand how workers react in various circumstances and their response to a particular assigned role.

Incentive planning and management platform Incentives Solutions has launched an end-to-end approach that works in high-tech companies with salespeople commissions. Incentives Solutions reveals JOOPY Software, a compensation solution for high-tech sales representatives which will help businesses handle salespeople’s commissions from home during Covid-19. JOOPY Tech is available on-site or as a cloud service and helps sales managers gain an overall view of results and promotions, understand trends, and assess success rates in a specific product, market, group of salespeople, or a single salesperson. It produces a Goal Sheet which, according to their territory or target, shows sales ages, KPIs, as well as ‘rules.’

For its AI-powered assistant, Automated Sales Converter Exceed.ai raised $4 million helping businesses scale their sales and marketing operations. Exceed.ai’s bot works with marketing department to ensure that any lead is followed, nourished or trained.

Manual performance assessment and compensation distribution schemes are costly and unreliable and go against the wishes of the businesses themselves and their employees. Automation of the incentive and rewards system among retail and food employees is akin to other sectors that have seen automation, such as hi-tech, insurance companies, and more. The system can be added to existing human resources management systems, as well as POS, CRM, and ERP.