Thread regarding Sears layoffs

Employee relations

Sears has struggled with employee relations. One notable example was the shift in 1992 from an hourly wage based on longevity to a base wage (usually between US$3.50 and US$6 per hour) and commissions ranging from 0.5% to 11%. Sears claimed the new base wage, often constituting a substantial (up to 40%) cut in pay, was done "to be successful in this highly competitive environment".

In early October 2007, Sears cut commission rates for employees in select departments to anywhere from 0.5% to 4% but equalized the base wage across all Home Improvement and Electronics departments. In 2011, commission rates on non-base items were cut by 2% in the electronics department. In late 2009, the commission on sales of "base items" from the electronic department was cut to 1%. As of 2017, appliances is the only remaining department where compensation is based entirely on commission. Other departments give a base pay plus commission. In many stores, jewelry department associates receive a low base salary with 1% commission on their sales.

In March 2019, Sears claimed that it was ending life insurance benefits for an undisclosed number of its 90,000 retirees. A few months earlier the company handed out over $25 million in bonuses to executives. This key Sears Retiree Benefit was worth between $5,000 and $15,000 for most of the pool (29,000) of eligible retired employees.

In May 2019, a Sears owner threatened not to pay out employees the $43 million in pension payments, which has stirred controversy within the community.

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| 831 views | | 3 replies (last September 5, 2019) | Reply
Post ID: @OP+10T2I7HY

3 replies (most recent on top)

The problem is that associate knowledge is not valued by customers anymore. People will chew your ear off and then buy products for less online. This is especially true in electronics and home goods. The fundamentals of the commission model are no longer valid in an Amazon world.

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Post ID: @yeb+10T2I7HY

What’s the point of being on commission plus base if you still can’t sell enough to make up to minimum wage? No one should be on minimum wage adjustment.....it’s so silly.

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Post ID: @vxw+10T2I7HY

Sears used to be a place where employees were knowledgeable about their products because Sears paid them to be. Commission people made good money. Everyone had profit sharing and a potential pension.

Then some MBAs came along and decided employees were a cost and not an asset. Cut cost = more profit!

And just how did that work out...

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Post ID: @naa+10T2I7HY

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