An editor of the world’s most popular fashion magazine was once quoted about finding the perfect store for women, this store was Neiman Marcus. Neiman Marcus is a popular luxury specialty retail store headquartered in Downtown Dallas, Texas. Founded in 1907, the store was very unique at the time since they offered clothing line that was not usually found in Texas.
Neiman Marcus is very focused in the quality of service they provide their customers. Managers should be able to provide excellent service by assisting them the best possible way. Making sure that the items they want to purchase is on stock is one way to please customers and this can be done by checking inventories and ordering items that are not in stock.
Managers should also filter qualified candidates who would like to become part of the company. They need to take part in the recruitment process as well as the eventual training given to new employees. Also developing individual employees is necessary to make sure that everyone meets or exceeds expectations.
Department Manager
- Salary: Neiman Marcus provides $42,000 to $60,000 basic salary for this position and this is usually based on their experience.
- Bonuses: Bonuses distributed are based on performance and it amounts to exactly $2,000.
- Profit Sharing: Cash bonuses are provided to the employee while profit sharing is not available.
- Stock Options: No option for acquiring stocks is available for this position.
Restaurant Manager
- Salary: Restaurant managers get a decent salary. It’s from $35,000 to $60,000 depending on their experience.
- Bonuses: A cash bonus worth $2,500 is also provided on top of the basic salary depending on performance.
- Profit Sharing: Do not expect to receive cash bonus from the company if you handle this position.
- Stock Options: Ability to gain stocks of the company is not provided by Neiman Marcus.
Business Manager
- Salary: Business managers earn $33,000 to $36,000 as basic pay annually. Experience provides a boost in getting the higher amount.
- Bonuses: Cash bonus ranging from $39,000 to $42,000 is given to employees that perform well.
- Profit Sharing: There are no available options for shared profits provided by the company
- Stock Options: Stock options are also not available currently
Relationship Manager
- Salary: On an average, relationship managers earn an annual salary between $50,000 and $55,000.
- Bonuses: Bonuses are not part of the salary package provided to the employees.
- Profit Sharing: It’s not a part of the company’s incentive to include profit sharing.
- Stock Options: Cash bonus is provided to the employee and stock options, like profit sharing are also not available.
Client Manager
- Salary: Client managers are getting $86,000 to $93,000 depending on the amount of experience they have.
- Bonuses: Bonuses are also good and this depends on the performance of the employee. Client managers can get $12,000 to $13,000.
- Profit Sharing: The ability to get shared profits is not available for this position.
- Stock Options: Any other benefit like stock options are also not available.