Topic: Incentive Programs & Revenue Management

Kristin Bell's Avatar Topic Author
  • Karma:
  • Posts: 2
How have your on site bonus incentive programs changed for those of you that have made the switch to Revenue Management Software? Since all lease terms can be considered "revenue neutral" and 60% renewal conversion is not always acheiveable when pushing large increases, it seems that the "old way" of rewarding longer term leases and extremely high renewal conversions (usually at lower increases) may no longer incentivize teams based upon the theory of price optimization. How many of you have restructured this platform with Revenue Management in mind specifically? And in what way?
Posted 11 years 5 months ago