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News: Fry's Electronics to remove commissions and pay employees hourly rates.
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I been hearing this by alot of employees here in California I'm hearing were goign to be getting paid $9-$11 an hour and they are going to remove our commisisions. I don't think this is a good idea but seeing how low the comissions have been lately I am not surprised.Fry's is corrupt I am here to talk about it.
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9-11 aint bad for retail! Well, in Cali it's standard, but most states.Superhero!
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Fry's sees the impact from the bad economy, they need to cut cost to maintain profitability. They should cut the managers paychecks also! I think removing the commisions is going to happen especially since sales have been down and the stores are over staffing.
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If ain't on youtube, I wont believe it.
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This is damn lies and rumors. Fry's owns a small share of the electronic retail market. They have plenty of room to eat up share from Walmart and Best Buy. For Frys to grow it will need a commission-based sales force to push it up and forward.
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Its cheaper for companies to pay commission anyways. Of course. So if they are having hardship Id think everyone would revert back to commission.Superhero!
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AyaHu:Its cheaper for companies to pay commission anyways. Of course. So if they are having hardship Id think everyone would revert back to commission.
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Not really... One guy at our store made 120K last year. Salesman- non-management. -
Sasquatch:
AyaHu:Its cheaper for companies to pay commission anyways. Of course. So if they are having hardship Id think everyone would revert back to commission.
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Not really... One guy at our store made 120K last year. Salesman- non-management.
And how much of that was from PSC's? If they cut out commissions, how much do you think they will be pushed? and you can count on those top end salespeople to be leaving.. expect a lot of guys switching jobs..I'm crushing your head... You flathead! -
They should go back to the days when they paid minimum wage plus commission. Or if they don't pay commissions they should pay it out on warranties.i am a worm.
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CommentAuthorConcord24BottomFeedr
- CommentTimeJan 12th 2008
Rumor...and even if it was true, I'd just go find a new job...or do even less at the one I'm at. -
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Climb the corporate ladder. I hear that supervisors got pay increases.
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it's $8-13 here at the one in Chicago. They were passing out flyer's for it trying to get people to apply last Friday when I went. I don't know if it's new or not though, or if they still will include commission. I can ask tomorrow, since I have an interview.
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So they can pay us the same way they pay the people at customer service?
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Sasquatch:
AyaHu:Its cheaper for companies to pay commission anyways. Of course. So if they are having hardship Id think everyone would revert back to commission.
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Not really... One guy at our store made 120K last year. Salesman- non-management.
Let's take a look at retail science.
You can pay someone 13$ per hour, lets use that figure since even the walmart over here pays that much. If that employee does not make any sales, you are loosing $13 per hour.
It is very apparent in small stores. Once, a store I worked for closed with $95.00.
That's not even enough to pay me for that day, let alone overhead!
Had I been on minimum wage + commission I would have taken only a small percentage of $95.00.
Most companies calculate 10% commission. They then add this to the sales price. If a salesman is really desperate (like cars) they will knock off money knowing it will come out of their percentage of commission. So now they end up with only 5% commission. But at least they went home with something. The dealership still made their portion. (Usually retail stores take 40-50% but clothing stores mark up double so they get 200% of their wholesale price back which is why clothing is usually found on sale for 75% off, they are still making 25%.)
This way, if you make no sales, you arent being paid for it anyways, they arent loosing money. If you do make sales you get a cut. Its is far more cost effective. Dont know if that made sense. My thoughts dont translate well to paper.Superhero! -
If a guy made 120k at 10% commission that company made off of him 1million dollars in sales.Superhero!
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Very well stated Ayahu..
But imagine? Saying you made $120,000 at frys? Thats great!!! -
DarkCreep:Very well stated Ayahu..
But imagine? Saying you made $120,000 at frys? Thats great!!!
Yes, now if only it was possible....
I doubt it.Superhero! -
It's more than possible.
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Sasquatch:It's more than possible.
Most people have said your commission structure is only about 1-3% tops, at 3.00$ average commission per product you'd have to move 40,000 products to make that much.I guess if you sell 4,000 1,000$ items at 3% commission you would also make that, but I highly doubt they even pay 3% From what Ive heard it is pretty low. I dont know I dont work there.Superhero! -
All the management got raises right? If they are getting raises its because Fry's is profitable whether you make commission or not. Plus have you noticed that Frys is hitting projections?Howard Dean for America '08
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AyaHu:
Sasquatch:It's more than possible.
Most people have said your commission structure is only about 1-3% tops, at 3.00$ average commission per product you'd have to move 40,000 products to make that much.I guess if you sell 4,000 1,000$ items at 3% commission you would also make that, but I highly doubt they even pay 3% From what Ive heard it is pretty low. I dont know I dont work there.
Our commission is in no way based on a percentage system. A $80 dollar router that is on sale might pay you seven bucks, even though the store is losing money on the item. A $2000 dollar computer might pay you 2 dollars. The vast majority of items at Fry's don't even have a commission. It's pretty random; sometimes home office may raise commission on a certain item or items in order to focus sales. Also it's not speculation that one salesman made 120K, I know this for a fact. Granted not every salesman makes that much, or even close to it, usually there are only a couple salesmen that pull in that kind of change. Unfortunately, I'm not one of them. -
P.S.
We do get a set 15% commission from extended warranties we sell, however this is not substantial enough to change the overall result. -
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CommentAuthornotparistexas
- CommentTimeFeb 18th 2008
I worked at the Fry's in Houston briefly when it opened in 2001. Not having much retail experience, they stuck me in telecom.
From the beginning, the commission system seemed shady. If a customer didn't stick around long enough to let you take his personal info, didn't want to give it to you, or he threw away his sheet before he got to the register, you didn't get any commission. Were Fry's a decent company, they'd put all that money into a fund that would be distributed to the sales people. I know this is naïve, don't worry.
Anyway, I'm new here. Hello to all. I came across the site, and thought it would be interesting to poke around. Cheers. -
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Nice avatar.
Appy-polly-loggies. I had something of a pain in my gulliver so I had to sleep. I was not awakened when I gave orders for awakening. -
Sasquatch:Nice avatar.
It looks like an emo person.Superhero! -
Clockwork Orange.
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Oh yeah they dressed like emos in that there.Superhero!
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So its been almost a year since this topic was started and now due to the bad economy I think this is going to happen more then ever now.Fry's is corrupt I am here to talk about it.
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CommentAuthormeinside100
- CommentTimeNov 20th 2008 edited
Sasquatch: Clockwork Orange.
Awesome movie. It truely shows how fascist governments are obsessed with crime and punishment. -
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We gotta limit the power of the Federal Reserve!
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Yea, very unlikely, although removing commission does seem like a way to instantly increase fry's profit margins, its actually the opposite. Fry's pays commission usually based off gross profit, in other words, the more you make them, the more they make you. Sales items will usually have 0 gp or even negative gp, with that in mind, salesman try to avoid sales items and get customers an item of equal quality, that makes both the company and themselves more money. However, at places like Circuit City, the salesman gets paid the same amount an hour regardless of what he sales, so why would he bother to sell anything in particular? Commission gives a salesman motivation to sell items that make fry's much more profit in the long run, hence circuit city is going out of business and fry's is still making projection.
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Guest: Yea, very unlikely, although removing commission does seem like a way to instantly increase fry's profit margins, its actually the opposite. Fry's pays commission usually based off gross profit, in other words, the more you make them, the more they make you. Sales items will usually have 0 gp or even negative gp, with that in mind, salesman try to avoid sales items and get customers an item of equal quality, that makes both the company and themselves more money. However, at places like Circuit City, the salesman gets paid the same amount an hour regardless of what he sales, so why would he bother to sell anything in particular? Commission gives a salesman motivation to sell items that make fry's much more profit in the long run, hence circuit city is going out of business and fry's is still making projection.
Fry's employees still sell products with negative GP yet still pay huge commissions. It's always been "what is in it for me?". Fuck GP!
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