For this week’s case, please review the attached file named “Salary Comp”. For this business, Medical A, there is a list of the current Montana sales team. Each employee is named. Your task is to distribute an average of 3.2% increase in salary. Take the total of all the salaries and increase it by 3.2%. This will give you the money you have to distribute between the 10 employees. I did this every year with my employees. It was hard!!!! I’d like you to come up with 3 ways to distribute it and be prepared to discuss, or write about, the pros and cons of each. Additionally, consider different ways to incent employees. How can wages differ and why do businesses chose hourly versus salary? Bonuses etc.? What other things motivate employees?In the text, this content is explained, basically, in section 9-6.If you are coming to class, have your 3 ways to distribute the salary increase ready. If you are online, write a one page paper on the topics above and the salary spreadsheet. You will find more details on the spreadsheet.please do the online part3.2%
increase
average
years with company
130000
120000
100000
92000
93000
85000
110000
120000
87000
88000
4160
3840
3200
2944
2976
2720
3520
3840
2784
2816
18
18
11
6
6
5
9
15
6
6
1025000
32800
Salary
John M
Ross C
Tara L
Gina F
Gina C
Graydon S
Brian M
Jamie H
Tina T
Terry B
Qualitative
2015-2018
2019
average
performance
performance
rating
rating
10
9
8
7
9
7
9
9
7
8
10
9
8
8
8
7
9
9
8
9
Quantitative
2019
Percent of
2015-2018
Plan in
average Percent New
Sales
of Plan in Sales Salary
120
105
120
98
98
105
105
98
120
101
Your Calculation
Bonus
Car
Upgrade
Sirius
98
100
98
100
96
90
100
100
98
95
Additionally, each employee will receive a bonus. This bonus may only be based on QUANTITATIVE data. The bonus pool for your district is $150,000.
Two employees may receive a car upgrade. All employees have a company car, Ford Explorer, base model. The upgraded car is an XL. (sunroof, seat warmers, leather)
Sirius radio may go to either all employees or be used as an incentive.
Why did you make your decision? Be sure it is explained in a way the employee will think it is fair and it incents them. Show all calculations.
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