Thread regarding Belk layoffs

Belk gets $10,000 per credit card application? associates get $3 to $5?

is this true?

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| 1432 views | | 8 replies (last July 22) | Reply
Post ID: @OP+1jz84zx7m

8 replies (most recent on top)

Yes and also at the end of each quarter of your store his metrics the store mangers and higher get quarterly bonuses, our manager gets almost three thousand. Seen pay sub.

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Post ID: @30r+1jz84zx7m

@115
The real fools are those who throw insults and blindly sip the deceit served up by dishonest peers. Just so you know, embracing honesty isn’t a sign of stupidity; it merely exposes the naivety of those unable to accept reality.

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Post ID: @172+1jz84zx7m

@115 It is true, Synchrony Bank is responsible for compensating Belk for each new Belk charge account that is opened. This is likely why there is a strong emphasis on encouraging associates to promote the credit card. Store managers and upper management are fully aware of this incentive structure.

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Post ID: @12p+1jz84zx7m

Is every employee at Belk certifiably stupid?

Where would that $10k come from? The ether?

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Post ID: @115+1jz84zx7m

We as associates are keeping Belk afloat

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Post ID: @yn+1jz84zx7m

@xx

If you notice, credit has gone down companywide---most associates are purposefully not opening as many credits as the once did. And who can blame them?

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Post ID: @y6+1jz84zx7m

Yes it is true but that 10,000 a credit goes to pay the loan we took from KKR. That was their security for the loan and that is why credits is pushed so heavily.

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Post ID: @az+1jz84zx7m

@OP I don’t really know but I’ve heard that for a while now and it would explain the ridiculously high salaries of some.

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Post ID: @an+1jz84zx7m

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