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In order to hire and retain good quality employees, BTG should try out the below ways :
a. A compensation policy should have the provision of any of the two components :
i) Fixed base salary
ii) Commission
A sales executive should be given an option to choose his own compensation policy based
on which one is higher.
b. There should be a proper framework where sales executives can be trained and motivated
c. Some evaluation activity with constructive criticism should be in place
d. Every employee should be given an opportunity to work in different branches and apply
their skillset appropriate different areas of operation
e. Store managers should be asked to look for the positive traits in the low performing sales
executives and effectively utilize them in achieving the goal providing mutual benefit
f. Management should buy in the theory of reskilling existing sales executives rather than
firing when objective is not met
g. Store managers should take up more responsibility
h. Some efficient managers with good track record should be hired instead of filling up the
manager positions by promoting sales executives from within the organization
i. Stock options should be made available to the employees not after first 3 months. BTG
management could increase the eligibility criteria of getting a stock to 6 months or more
j. There should be some monitoring over the recruitment procedure correctness
k. BTG should increase the minimum cycle time required to stay in a particular role e.g sales
executive. Instead of 6-9 months tenure, BTG should increase the cycle time to 12 months
atleast
l. BTG should involve in more of marketing and bring in more talents through cold calling and
internet marketing. Advertisements and publication in national daily , much more of online
presence should create more awareness of the company among public and this would
eventually help in fast and effective recruitment
m. There should not be any communication gap between DSM and hired recruiters.
n. Recruitment criteria should be made more lenient and once hired people can be trained
with BTG values