Big Lots stores have been selling closeout and overstock merchandise ever since they opened in 1967. Back then, it was known as Odd Lots and they first use the name Big Lots in 1985. Although there have been closures of several Big Lots store in 2005, they still operate 1,400 stores in 47 states.
Big Lots managers display high level of flexibility when they come in the store. The job requires multi tasking and one can easily lose focus. The manager is responsible in checking the items that they have in store and would often restock the items that fly off the shelves to meet demands. Also, they would have to assist customers who may have a hard time finding items they need.
The manager would also have to make sure that they have time to screen candidates and select the best person for the job. Proper training should be given to newly hired recruits and have the tenured staff take over training duties eventually. Reports should be sent to the management for assessment and this should be done daily.
Store Manager
- Salary: Store managers provide the employee a salary from $45,000 to $65,000. Any experience in the industry can guarantee higher pay.
- Bonuses: A cash bonus that amounts from $1,200 to $8,400 is provided to qualified employees.
- Profit Sharing: Profit sharing is not provided to employees holding this position.
- Stock Options: Options to gain stocks are not provided to the employees as well.
Assistant Manager
- Salary: The average salary the assistant manager can get is between $31,000 and $42,000.
- Bonuses: The company provides cash bonuses that will depend on the performance and it can be from $125 to $3,000.
- Profit Sharing: The position does not entitle the employee to receive profit sharing.
- Stock Options: Stock options are generally not provided by the company as part of the salary package.
Assistant Store Manager
- Salary: Assistant store managers are able to receive $30,000 to $58,000 worth of annual salary which is based on experience as well.
- Bonuses: This position will enable the employee to get $500 to $2,200 worth of bonus based on performance.
- Profit Sharing: Profit sharing is not an option given to the employees.
- Stock Options: There are no stock options offered to the employees.
Manager
- Salary: The biggest amount a manager can get annually is $60,000. Otherwise it will be the minimum $22,000.
- Bonuses: Managers are entitled to get bonuses based on performance, they can receive $500 to $10,000 worth of cash bonus.
- Profit Sharing: Profit sharing, unlike bonuses, is not offered by the company to employees.
- Stock Options: This position makes the employee eligible for stock options worth $2,000.
District Loss Prevention Manager
- Salary: This position gets a rough estimate between $63,000 and $68,000. Experience plays a factor in getting higher pay.
- Bonuses: Cash bonuses are provided and it amounts from $8,618 to $9,375.
- Profit Sharing: There are no profit sharing options available for this position.
- Stock Options: There are also no options to gain stocks currently given by the company.