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Scenario 10.1 BioMetrics Imaging Ltd. Is a Small Saskatoon-Based Firm That Designs

question 85

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Scenario 10.1
BioMetrics Imaging Ltd. is a small Saskatoon-based firm that designs and produces one-of-a-kind machines that are capable of capturing medical imaging similar to that of MRI machines but with a higher percentage of accuracy. So far, the company has been able to sell various units to privately owned medical clinics and a few hospitals in the United States. The problem currently facing BioMetrics Imaging is finding salespeople with the appropriate experience who not only understand the equipment but are also trustworthy and willing to work extremely hard to bring the product to the marketplace. It takes roughly six months to convince potential clients to purchase the machines. Sales agents receive a hefty paycheque when a unit is sold based on a percentage of the unit price, and all travel expenses are covered. Still, the company is not able to retain its employees because the time lag between beginning to sell machines and getting paid is too long.
-Refer to Scenario 10.1. One way to address the turnover problem that is driven by the frequency of payout would be to have some form of guaranteed pay. Which pay method for sales employees addresses this issue?

Definitions:

Pleasure

A feeling of happiness or satisfaction that comes from the enjoyment of experiences or activities.

Jeremy Bentham

An English philosopher, jurist, and social reformer regarded as the founder of modern utilitarianism.

Consequences

The outcomes, effects, or results that naturally or logically follow from an action or condition.

Epicurus

An ancient Greek philosopher who founded Epicureanism, a philosophy advocating for simplicity and seeking pleasure through the avoidance of pain as the key to happiness.