Create the plan for distribution of salary increases assume

Reference no: EM13470131

Develop a plan for the distribution of salary increases. Suppose you are employed in a local industry, and your supervisor has assigned you to distribute annual raises that must average 4% per department among 6 team members. No team member can get exactly 4%, and the raise must be at least 2% and no more than 6%.

You may establish your own criteria for distributing the raises, but you are given the years of experience and the rating on annual performance reviews for each member. A performance rating of 1 is the lowest rating possible and a rating of 5 is the highest.

Employee 1 has 4 years' experience, a performance rating of 4, and a salary of $28,500.

Employee 2 has 3 years' experience, a performance rating of 4, and a salary of $28,500.

Employee 3 has 10 years' experience, a performance rating of 4, and a salary of $32,700.

Employee 4 has 7 years' experience, a performance rating of 3, and a salary of $31,400.

Employee 5 has 15 years' experience, a performance rating of 3, and a salary of $34,500.

Employee 6 has 12 years' experience, a performance rating of 5, and a salary of $32,400.

Reference no: EM13470131

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