Objective

To ensure timely payments of the brand incentives to eligible team members 

Scope

Applicable to the sales team in Apple Retail upto Store Manger level 

Guideline

• Incentive scheme would be derived by the brand and communicated to the B&M team.
• The scheme to have details of the brand, category, value of the incentive, eligibility criteria/target and the offer period.
• B&M team to declare the scheme to Store Managers who would brief the team on the same.
• Incentive scheme may vary from time to time.

Procedure of payout

• The calculations for the incentives made for a particular quarter is consolidated by B&M and sent to cluster managers within 5 days from the quarter end.
• Cluster managers to validate and confirm by 10th of the same month.
• B&M raises debit note for the respective vendors and send it to finance for final validation by 12th keeping Retail and Finance head informed.
• Post validation, Finance to pay out along with the salary in the same month.