Final answer:
To implement a rewards/commission program, SMART objectives can be used to set specific, measurable, achievable, relevant, and time-bound goals. An example of SMART objectives for a sales-related program is increasing monthly sales revenue by 20% within six months.
Step-by-step explanation:
SMART Objectives for Rewards/Commission Program
The SMART framework can be used to set specific, measurable, achievable, relevant, and time-bound objectives for a rewards/commission program to increase sales and boost employee motivation. Here is an example of SMART objectives:
- Specific: Increase the monthly sales revenue by 20%.
- Measurable: Track the sales revenue on a monthly basis.
- Achievable: Provide sales training programs to improve product knowledge and negotiation skills.
- Relevant: Align the rewards/commission program with key performance metrics such as sales targets and customer satisfaction.
- Time-bound: Achieve the revenue increase within six months.
By having specific, measurable, achievable, relevant, and time-bound objectives, the rewards/commission program will incentivize employees to increase sales and achieve the desired results.