Compensation systems vary by type of establishment and merchandise sold. Most managers receive a commission or a combination of salary and commission. Under a commission system, retail managers receive a percentage of department or store sales. These systems offer managers the opportunity to significantly increase their earnings, but they may find that their earnings depend on their ability to sell their product and the condition of the economy. Those managers who sell large amounts of merchandise often are rewarded with bonuses and awards, and receive recognition throughout the store or chain.
Retail managers receive typical benefits and, in some cases, stock options.
In addition, retail managers generally are able to buy their store's merchandise at a discount, often from 10 to 40 percent below regular prices. In some cases, this privilege is extended to the employee's family as well. Related Occupations Retail managers serve customers, supervise workers, and direct and coordinate the operations of an establishment whose aim is to maximize profits and satisfy the customer. Others with similar responsibilities include managers in wholesale trade, hotels, banks, hospitals, law firms, and a wide range of other industries. Sources of Additional Information Information on employment opportunities for retail managers may be obtained from the employment offices of various retail establishments, or State employment service offices.