Assignment: Recognizing Performance Presentation
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, Prezi, or Microsoft Sway 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.
Format your assignment according to the following formatting requirements:
1. The answer should be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.
2. The response also includes a cover page containing the title of the assignment, the student's name, the course title, and the date. The cover page is not included in the required page length.
3. Also include a reference page. The Citations and references should follow APA format. The reference page is not included in the required page length.