Competition for buying jobs is expected to be keen, as merchandising attracts many college graduates. Salaries vary with type and volume of merchandise bought, sales volume of the store, location, and seniority. In addition to basic salary, Buyers may receive bonuses, such as commission on sales and stock and profit-sharing options. Hours and days worked depend on the establishment and geographic area. Buyers frequently work more than eight hours per day and sometimes on weekends, owing to special sales, conferences, or travel.
Most Buyers also receive employee discounts and paid business-connected travel expenses.
Other fringe benefits include paid holidays, vacation, and health insurance. Some employers offer membership in credit unions, retirement, and profit-sharing benefits. In order to maintain their effectiveness, Buyers must constantly be aware of customer needs and desires. To stay abreast of new developments and products, they take courses in merchandising techniques, attend trade shows and conferences, and read industry periodicals. Persons who wish to become Buyers should be good at planning and decision making and have an interest in merchandising.