How much influence new pay strategy have on payroll budget

Assignment Help Business Management

Reference no: EM13107540

You are a HR Manager for retail store with four locations within one metropolitan area. Company's sales/marketing strategy has been to be low cost leader (i.e. have lower prices than competitors), and hence to pay its store employees just above minimum wage, in first quartile. Your boss has told you that he is modifyinb strategy and now he wishes to give "optimum service", and not necessarily lowest prices.

What changes must be made in company's compensation strategy as result of this new direction? You expect your boss will be surprised at how much influence new pay strategy will have on payroll budget. What could you recommend to decrease the influence?

Reference no: EM13107540

Questions Cloud

Determine the enthalpy for the given reaction : Determine the enthalpy for the given reaction as CS2

Make an in-depth comparative analysis research paper : Make an in-depth comparative analysis research paper among two different firms operating in two different countries however which have similar challenges. This analysis will be an opportunity for you to compare and contrast as well as critically a..

T-test hypothesis test for a mean : A recent report from the American Medical Association claims that for the first time in ten years, the average salary of psychiatrists was greater than $190,000 with a standard deviation of $27,000. What is the null hypothesis for his claim?

Compute the activation energy for the flashing process : Compute the activation energy for the flashing process. When At 29 o C the average rate is 3.3 flashes every 10 seconds; at 23 degree Celsius the average rate

How much influence new pay strategy have on payroll budget : What changes must be made in company's compensation strategy as result of this new direction? You expect your boss will be surprised at how much influence new pay strategy will have on payroll budget.

Explain rights that help to define a broad definition : Although there is no clear definition of privacy, Patricia Werhane outlines three rights that help to define a broad definition. What are these three rights?

Critical value of t distribution : Find the critical t alpha/2 assuming the population is normally distributed, the confidence level is 95%, n=101 and sigma is unknown.

Determine the final ph of the solution : How many grams will remain after 98.0 days if Phosphorus-32 has a half-life of 14.0 days Starting with 6.00g of ,?

Determine new ph of solution : How much 0.20mol/L sodium hydroxide should be combined to this buffer to raise the pH to 5.1? If the same amount of 0.20 mol/L sodium hydroxide were combined to 250mL of deionized H 2 O, Determine New pH?

User Account

All Pages