HRM (Get answer) 531 University of Phoenix WK3 Reorganizing Performance PowerpointCourse
HRM 531 University of Phoenix WK3 Reorganizing Performance PowerpointCourse
University of PhoenixDepartment
- Wk # 3 Team – Apply: Recognizing Performance Presentation Assignment Assignment Content Instruction:Your team is consulting with a local manufacturing company that has 1,200 employees. The Company is the third largest employer in the area. When averaging all of the manufacturing employees’ salary divided by the market midpoint, the organization has a 0.90 compa ratio, meaning that on average employees earn 90% of the market rate. Using the current sales and profit trend, the company has the ability to increase compensation spending by 4% annually for the next three years.
- Your firm has been asked to propose three approaches for management to consider increasing base pay by one of the following methods:
- adding a team incentive plan such as profit sharing;
- establishing individual incentive plan based on individual performance; or
- implementing a combination of base and incentive pay.
- Propose a plan for each of the three approaches.
- Make a final recommendation.
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