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