Why is Scentsy no longer using PRSV (Personal Retail Sales Volume) and instead using PRV (Personal Retail Volume) as part of the Company’s Global Compensation Plan?
With Scentsy’s expansion into Canada, where the local currency is different, we are switching from a U.S. dollar sales model to a points system in the way the Compensation Plan is represented. As part of this change, we are changing PRSV (Personal Retail Sales Volume) to PRV (Personal Retail Volume) so we can adjust points consistently for each new country. This change is necessary as we enter Canada, and will become increasingly necessary as we expand into other countries. For U.S.-based Consultants, these changes will NOT affect your commissions or bonuses at all. With the point system, one point is equal to one U.S. dollar. So for you, it’s just a matter of dropping the $ sign and getting used to a slight change in wording (PRV). For Canadian Consultants, points earned will be based on the assigned point value of the product purchased. Canadian Consultants will be paid in Canadian dollars.
Related Questions
- Why is Scentsy no longer using PRSV (Personal Retail Sales Volume) and instead using PRV (Personal Retail Volume) as part of the Company’s Global Compensation Plan?
- What if our company is involved in sales but its not a retail operation. Can Retail Improv still be useful?
- Are strong retail sales always a true measure of a companys performance?
