Compensation differences-organizational and personal levels

Assignment Help Operation Management

Reference no: EM131122186

Compensation differences - organizational and personal levels

You are the HR Manager for a retail store with 4 locations within one metropolitan area. The company's sales/marketing strategy has been to be the low cost leader (i.e. have lower prices than competitors), and therefore the compensation strategy has been to pay its store employees just above minimum wage, in the first quartile. Your boss has just told you that he is changing the strategy and now he wants to provide "optimum service", and not necessarily the lowest prices. What changes should be made in the company's compensation strategy as a result of this new direction? You expect your boss will be surprised at how much impact the new pay strategy will have on the payroll budget. What could you suggest to reduce the impact?

An employee in this organization, Jerome, found out from one of his team members makes a lot more money than he does. He's mentioned this to you and told you he's really "bummed" and doesn't think this is fair. What information can you give him, to help him understand how his salary is determined?

Reference no: EM131122186

Questions Cloud

What is the premium over the formula value for the warrants : The Manchester Corporation has warrants presently outstanding, and each warrant entitles the holder to purchase one share of the company’s common stock at an exercise price of $20 a share. If the market price of the warrants is $8 and the common stoc..

Released after marking by inserting small wires : In a capture- recapture survey, 10,000 salmon were released after marking by inserting small wires. When 6000 fish from the population were subsequently caught, 400 of the wire tags were discovered by running the fish through a metal detection dev..

Employees to buy-in to the evaluation process : According to Leonard (2008), it is important for employees to buy-in to the evaluation process including the fundamental fairness of the system. As a supervisor, what actions will you take to promote buy-in and acceptance of the evaluation process wi..

How many shares of common stock can be obtained by convert : a. How many shares of common stock can be obtained by converting one $1,000 par value debenture; that is, what is the conversion ratio? b. What was the conversion value of this issue when these debentures were originally issued? c. By what percentage..

Compensation differences-organizational and personal levels : You are the HR Manager for a retail store with 4 locations within one metropolitan area. The company's sales/marketing strategy has been to be the low cost leader (i.e. have lower prices than competitors), and therefore the compensation strategy has ..

If each transaction for fees earned is recorded : If each transaction, including fees earned, is recorded individually in a two-column general journal;

Operations management for a typical business : Understand thev nature and importance of operational management explain why operations management is nature important for organisations analyse the operations functions of a selected organisation .

Mapped in a census of a study region : Figure 19.2 shows track patterns of wolf packs, mapped in a census of a study region in the Gulkana River area of Alaska (Becker 1990). The number yk of wolves in each pack is given near each set of tracks.

Calculate the conversion value if lemonde common stock : Calculate the conversion value if LeMonde’s common stock is selling at $25 a share. Calculate the bond value, assuming that straight debt of equivalent risk and maturity is yielding 9 percent. Using the answers from parts a and b, what is a realistic..

User Account

All Pages