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(Solved) : Team Consulting Local Manufacturing Company 1 200 Employees Third Largest Employer Area Av Q34293945

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Answer to Your team is consulting with a local manufacturing company that has 1,200 employees and is the third largest employer in…

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Your team is consulting with a local manufacturing company thathas 1,200 employees and is the third largest employer in the area.When averaging all of the manufacturing employees’ salary dividedby the market midpoint, the organization has a 0.90 compa ratio,meaning that on average employees earn 90% of the market rate.

Your firm has been asked to propose three approaches formanagement to consider:

increasing base pay

adding a team incentive plan such as profit sharing orindividual incentive plan based on individual performance

a combination of base and incentive pay

Using the current ... View full description