PL EN


Preferencje help
Widoczny [Schowaj] Abstrakt
Liczba wyników
Tytuł artykułu

The impact of remuneration on sales turnover in Dubai’s automotive aftermarket: pre-covid and amidst Covid

Treść / Zawartość
Identyfikatory
Warianty tytułu
PL
Wpływ wynagrodzeń na obroty ze sprzedaży na samochodowym rynku wtórnym w Dubaju: przed i w trakcie Covid
Języki publikacji
EN
Abstrakty
EN
The Global Automotive Aftermarket sector was valued at USD 392.5 billion in 2020 and is predicted to surpass USD 525 billion by 2028. The automotive aftermarket of the United Arab Emirates, led by Dubai, is the fastest-growing market, which is expected to reach USD 634.4 million. However, the Covid-19 pandemic diminished the growth rate and profitability of the sector, pressing small and medium enterprises to reduce their costs, including employees’ remuneration. This empirical paper aims to analyse the impact of changes in salesforce remuneration on sales turnover and the role of Covid-19 in influencing this causal relationship. The data, before Covid (2019) and during Covid (2020-21), were collected from 80 automotive aftermarket enterprises in Dubai using a single-stage convenience sampling method. The correlation analysis and ANOVA test highlight the significant difference in sales commission within the group and between the groups caused by Covid-19. The results indicate how the reduction in remuneration, especially sales commission, during the crisis significantly declined the sales turnover in automotive aftermarket enterprises. The study proposes guidelines and tips that business leaders, the human resources professionals can implement to revive their sales turnover post-Covid-19 and manage such crises in future.
PL
Sektor Global Automotive Aftermarket został wyceniony na 392,5 mld USD w 2020 r. i przewiduje się, że do 2028 r. przekroczy 525 mld USD. Samochodowy rynek wtórny Zjednoczonych Emiratów Arabskich, na czele z Dubajem, jest najszybciej rozwijającym się rynkiem, który według przewidywań miał osiągnąć 634,4 mln USD. Jednak pandemia Covid-19 zmniejszyła tempo wzrostu i rentowność sektora, zmuszając małe i średnie przedsiębiorstwa do ograniczania kosztów, w tym wynagrodzeń pracowników. Niniejszy artykuł empiryczny ma na celu analizę wpływu zmian wynagrodzeń sprzedawców na obroty ze sprzedaży oraz roli Covid-19 w oddziaływaniu na ten związek przyczynowy. Dane sprzed Covid (2019) i podczas Covid (2020-21) zostały zebrane od 80 przedsiębiorstw motoryzacyjnego rynku wtórnego w Dubaju przy użyciu jednoetapowej metody dogodnego doboru próby. Analiza korelacji i test ANOVA podkreślają istotną różnicę w prowizjach od sprzedaży w grupie i pomiędzy grupami spowodowaną przez Covid-19. Wyniki wskazują, jak obniżenie wynagrodzeń, zwłaszcza prowizji od sprzedaży, w okresie kryzysu znacznie zmniejszyło obroty ze sprzedaży w przedsiębiorstwach zajmujących się motoryzacyjnym rynkiem wtórnym. W badaniu zaproponowano wytyczne i wskazówki, które liderzy biznesowi i specjaliści ds. zasobów ludzkich mogą wdrożyć, aby ożywić obroty ze sprzedaży po Covid-19 i radzić sobie z takimi kryzysami w przyszłości.
Rocznik
Strony
280--292
Opis fizyczny
Bibliogr. 44 poz., rys., tab.
Twórcy
Bibliografia
  • 1.Aldoghan, M., Elrayah, M. and Debla, F., (2021). The job quality dimensions and employees performance during Covid-19: A case study of the Saudi’s female employees. Polish Journal of Management Studies, 23, 9-23.
  • 2.Andriani, D., Pristiyono, P. and Hanum, F., (2021). Marketing Section Performance Improvement Companies Post Covid-19 in Indonesia. Budapest International Research and Critics Institute (BIRCI-Journal): Humanities and Social Sciences, 4(3), 3917-3925.
  • 3.Arniati, T., Puspita, D.A., Amin, A. and Pirzada, K., (2019). The implementation of good corporate governance model and auditor independence in earnings’ quality improvement, Entrepreneurship and Sustainability Issues, 7(1), 188-200.
  • 4.Astawa, I. K., Pirzada, K., Budarma, I. K., Widhari, C. I. S. and Suardani, A. A. P., (2021). The Effect of Green Supply Chain Management Practices on the Competitive Advantages and Organizational Performance. Polish Journal of Management Studies, 24(1), 45-60.
  • 5.Atchison, T., Belcher, D. and Thomsen, D., (2019). Internet based compensation administration (1st ed.). Economic Research Institute.
  • 6.Baladraf, M. I. F., Pogo, T., (2022). Analysis of Job Insecurity, Compensation and Covid Health Protocols Effects on Employee Performance with Work Motivation as a Mediation Variable on Employees of PT Panggung Jaya Indah. Saudi Journal of Business and Management Studies, 7(1), 22-33.
  • 7.Chingos, P. T., (2002). Paying for performance: a guide to compensation management. John Wiley and Sons.
  • 8.Christos, D., Bussin, M., (2019). Remuneration trends and predictions for 2020. HR Future, 2019(12), 40-41.
  • 9.Cichelli, D. J., (2003). Compensating the Sales Force: A Practical Guide to Designing Winning Sales Compensation Plans (1st ed.). McGraw-Hill. http://gen.lib.rus.ec/book/index.php?md5=66d5575cea4d2675c651ca88fef141b8
  • 10.Daud, I., Afifah, N., (2021). The Mediating Role of Job Satisfaction in the Relationship between Compensation and Work Environment on Performance. Journal of Management and Marketing Review, 6(2), 110-116.
  • 11.Dmuchowski, R; Szmitka, S., (2022). Methodology of measuring the benefits of participation in business clusters. Journal of Business and Economics Review, 7(1), 51-60.
  • 12.Echchakoui, S., Ghilal, R., (2019). How sales managers can use salespeople’s perceived attributes to monitor and motivate a sales force during relationship marketing. European Research on Management and Business Economics, 25(2), 99-104.
  • 13.Fachrudin, K. A., Pirzada, K. and Iman, M. F., (2022). The role of financial behavior in mediating the influence of socioeconomic characteristics and neurotic personality traits on financial satisfaction. Cogent Business and Management, 9(1), 2080152.
  • 14.Fitch, C., (2021). UAE Salary Guide 2021. Cooper Fitch. https://cooperfitch.ae/salaryguides/uae-2021/ GMI Research., (2020). UAE Automotive Aftermarket Market | Size, Share and Forecast 2027 (p. 138).
  • 15.GMI Research. https://www.gmiresearch.com/report/uae-automotiveaftermarket-market/
  • 16.Grand View Research., (2022). Global Automotive Aftermarket Size Report, 2022-2030 (GVR-1-68038-363-8; p. 100). Grand View Research. https://www.grandviewresearch.com/industry-analysis/aftermarket-automotive-partsmarket?msclkid=4e5a5e9dcf6b11ec84c1b98ed65c1827
  • 17.Hanif, Suhartono, S., Iryanto, M. B. W., Siagian, D. and Pirzada, K., (2022). The effect of incentive principles based on the mato system toward firm performance through employee work productivity. Journal of Governance and Regulation, 11(4), 112-122.
  • 18.Intelligence, P. S., (2021). U.A.E. E-Commerce Automotive Aftermarket Researc Report (pp. 1-110). https://www.psmarketresearch.com/market-analysis/uae-e-commerceautomotive-aftermarket
  • 19.Jia Qi, C., (2022). A global review of COVID-19 Assistance Program for Small Business. Journal of Business and Economics Review, 6, 30-39.
  • 20.Khan, A. R., (2021). GCC Automotive market post Covid-19 (p. 22). Automechanika, Dubai.
  • 21.Koh, W. C., (2021). Differential impact of covid-19 in Australia: Evidence from google search data. Journal of Business and Economic Analysis, 04(01), 5-21.
  • 22.Kurnia, D., Azizah, S. and Suhendra, A., (2020). The Effect of Financial and Non-Financial Compensation on Employee Performance During Covid-19. Almana: Jurnal Manajemen Dan Bisnis, 4(3), 398-404.
  • 23.Küster, I., Canales, P., (2008). Some determinants of salesforce effectiveness. Team Performance Management, 14(7/8), 296-326.
  • 24.Laborda, J., Moral, M. J., (2020). Automotive Aftermarket Forecast in a Changing World: The Stakeholders’ Perceptions Boost! Sustainability, 12(18), 7817.
  • 25.Macongue, M.B.B., Elizabeth, C., (2022). Analysing the impact of green information system, green packaging, reverse logistics on logistics performance in the construction industry. Journal of Management and Marketing Review, 7(1), 23-32.
  • 26.Mallin, M. L., Gammoh, B. S., Pullins, E. B. and Johnson, C. M., (2017). A New Perspective of Salesperson Motivation and Salesforce Outcomes: The Mediating Role of SalespersonBrand Identification. Journal of Marketing Theory and Practice, 25(4), 357-374.
  • 27.Market Research, UAE., (2022). The Current Outlook for UAE’s Automotive Industry. Insights. https://www.marketresearchuae.com/insight/the-current-outlook-for-uaeautomotive-industry
  • 28.O’Donnell, E., Marsh, L., (2022). The Impact of Compensation Structure on Salesperson Perceptions and Behaviors: Insights from the Sales Literature. Compensation and Benefits Review, 54(1), 3-11.
  • 29.Pandya, B., Boukareva, B., (2022). Innovative crisis-response through best human resources practices during COVID-19. Transnational Marketing Journal, 10(1), 39-60.
  • 30.Pandya, B., Rao, P., (2021). Human resources knowledge disclosure by leading banks: Cases from KSA. Polish Journal of Management Studies, 23(2), 353-368.
  • 31.Patterson, L., Pandya, B. and Cho, B., (2020). Exploring the motivators to satisfy UAE employees. Polish Journal of Management Studies, 22(2), 402-413.
  • 32.Pirzada, K., Mustapha, M. Z. and Alfan, E. B., (2017). Antecedents of ethnic diversity: The role of nomination committees. International Journal of Economics and Management, 11(S1), 103-119.
  • 33.Prescient and Strategic Alliance., (2021). U.A.E. E-Commerce Automotive Aftermarket research report (p. 110). Prescient and Strategic Alliance. https://www.reportlinker.com/p06075966/U-A-E-E-Commerce-AutomotiveAftermarket.html?utm_source=GNW
  • 34.ReportLinker., (2021, May 27). The e-commerce automotive aftermarket in U.A.E from $318.2 million in 2020 to $634.4 million by 2025, at a 14.8% CAGR between 2020 and 2025. GlobeNewswire News Room. https://www.globenewswire.com/newsrelease/2021/05/27/2237070/0/en/The-e-commerce-automotive-aftermarket-in-U-A-Efrom-318-2-million-in-2020-to-634-4-million-by-2025-at-a-14-8-CAGR-between-2020- and-2025.html
  • 35.Research and Markets., (2021). Global Automotive Aftermarket Size, Share and Trends Analysis Report, 2021-2028 (p. 109). Research and Markets. https://www.researchandmarkets.com/reports/4479732/global-automotive-aftermarketsize-share-and
  • 36.Rudyanto, A., Pirzada, K., (2021). The role of sustainability reporting in shareholder perception of tax avoidance. Social Responsibility Journal, 17(5), 669-685.
  • 37.Sadaa, A.M., Ganesan, Y. and Yet, C.E., (2022). The Effect of Ownership Structure on the Nonperforming Loans in Iraqi Banks. Journal of Finance and Banking Review, 7(1), 86-97.
  • 38.Saman, A., (2020). Effect of compensation on employee satisfaction and employee performance. International Journal of Economics, Business and Accounting Research (IJEBAR), 4(01).
  • 39.Satoskar, P., (2021). Middle East Car Market during and after Covid (p. 8). Automechanika. https://automechanika-dubai.ae.messefrankfurt.com/content/dam/messefrankfurtdubai/automechanika-dubai/2021/downloads/whitepapers/November%202021%20- %20Middle%20East%20car%20market%20after%20covid-19.pdf
  • 40.Sieracka, S; Wirkus, M., (2022). Communication as a factor limiting university-business cooperation. GATR Global Journal of Business Social Sciences Review, 10(1), 38-46.
  • 41.Songkilawang, S. R., Saerang, D. P. and Trang, I., (2022). The Effect of Burnout, Compensation and Work Life Balance on the Performance of Isolation Room Nurses During the Covid-19 Pandemic. (Study on RSUP Prof. Dr. RD Kandou Manado). Academic Journal of Digital Economics and Stability, 13, 46-55.
  • 42.Supriyanto, Alexandri, M.B. and Novel, N.J.A., (2022). The Effect of Investment Risk, Macroeconomics on Stock Prices in IPO Companies during the Covid-19 Pandemic. Accounting and Finance Review, 6(4), 17-29.
  • 43.World Bank., (2022). Unemployment, total (% of total labor force) (modeled ILO estimate) - United Arab Emirates | Data. The World Bank. https://data.worldbank.org/indicator/SL.UEM.TOTL.ZS?locations=AE
  • 44.Zhen, T.S., Hassan, S.H., (2021). Online Business Capabilities and Online Business Performance in the Malaysian Fashion Industry. GATR Global Journal of Business Social Sciences Review, 9(2), 114-127.
Uwagi
Opracowanie rekordu ze środków MEiN, umowa nr SONP/SP/546092/2022 w ramach programu "Społeczna odpowiedzialność nauki" - moduł: Popularyzacja nauki i promocja sportu (2022-2023).
Typ dokumentu
Bibliografia
Identyfikator YADDA
bwmeta1.element.baztech-95ce1687-e076-4475-9350-d026714750dc
JavaScript jest wyłączony w Twojej przeglądarce internetowej. Włącz go, a następnie odśwież stronę, aby móc w pełni z niej korzystać.