JCK Annual Salary Survey: A Tough Year To Make An Extra Dollar

Few jewelers have structured compensation plans to help them decide how to measure and reward top performance. Instead, many base pay decisions on how well the business did. Last year's modest business gains mostly meant modest pay. increases &endash; or none at all Last year was pretty ho-hum for jewelry-store paychecks. Increases from 1993 were modest, decreases were scatter-shot through a number of job categories. But any employees who were unhappy with what they took home in net pay may feel better to learn that many bosses also were unhappy. That's because they realized the compensation plans they offered weren't as good as they should be in rewarding employee effort and promoting better performance and greater productivity. These are the main points to emerge from JCK's annual salary study, based on salary information provided by members of the magazine's retail panel. The
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