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You are the human resources (HR) manager for a technology company that provides technical support for hospitals using computer systems that share information. Your company has just been awarded a new contract that is requiring a huge increase in the organization's workforce. The contract will involve providing technical support for several large hospital systems in the Midwest. As a result, you have been asked to outline the process that you will use to develop an internally consistent compensation system and present it to the owners of the company for approval. Address the following issues:
Question 1: Describe the reasons why an internally consistent compensation system is necessary.
Question 2: Outline the process involved in creating an internally consistent compensation system.
Question 3: In the intro, create a fictional name and location for your company.
Question 4: Make sure that you include enough information to convince the owners that the time, effort, and manpower that this process will take will be worth it to the company in the long run.
How can HR staff work with organizational managers to create an effective incentive and motivation plan to make employees more effective and efficient?
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The company computes that each unit of production incurs variable operating costs of $34 and sells for $45 . The company's fixed costs are $21,250 per year. Find the number of units per year the company must sell to earn $35,000 of operating incom..
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