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The Toronto-Dominion Bank (TD Bank) is a Canadian multinational banking and financial services corporation headquartered in Toronto, Ontario. The bank was created on February 1, 1955, through the merger of the Bank of Toronto and The Dominion Bank. It is one of Big Five banks in Canada. TD Bank offers a range of financial services and products to more than 10 million Canadian customers through more than 1,100 branches. Its branch at 65 Front Street West, Toronto, employs 50 full-time employees across five levels of positions, from Branch Manager, Assistant Branch Manager, Senior Financial Advisor, Financial Advisor, and Customer Service Representative.
You are helping TD Bank's branch at 65 Front Street West, Toronto, design its compensation system. Explain step by step how to design the compensation structure for this branch.
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