Writing
UOPX Three Approaches for the Consideration of Management Proposal PPT

University of Phoenix

Question Description

I don’t understand this Management question and need help to study.

Assignment Content

  1. Your team is consulting with a local manufacturing company that has 1,200 employees and is the third largest employer in the area. When averaging all of the manufacturing employees' salary divided by the market midpoint, the organization has a 0.90 compa ratio, meaning that on average employees earn 90% of the market rate. Using the current sales and profit trend, the company has the ability to increase compensation spending by 4% annually for the next three years.
    Your firm has been asked to propose three approaches for management to consider:
    • increasing base pay
    • adding a team incentive plan such as profit sharing or individual incentive plan based on individual performance
    • a combination of base and incentive pay

    Create a 10- to 15-slide Microsoft® PowerPoint® presentation in which you:
    • Propose a plan for each of the three approaches.
    • Make a final recommendation.
    • Support your points with at least one source.

    Include graphics and speaker notes on each slide that script what would be said if this information were to be presented in person.
    Format citations according to APA guidelines.

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Final Answer

Attached.

Proposal for Three Approaches for the
Consideration of the Management
Name of Student
Institutional Affiliation

Date

The Three Approaches

 Increasing

base pay.

 Adding

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

 A combination

of base and incentive pay

Increasing Base Pay


Base pay is the initial salary paid to an
employee, not including benefits, bonuses,
or raises.



An employee's base pay can be expressed
as an hourly rate or as a weekly, monthly,
or annual salary.

Approaches for Increasing Base Pay
 Base
...

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