What I Learn

Submitted by: Submitted by

Views: 48

Words: 510

Pages: 3

Category: Business and Industry

Date Submitted: 01/17/2015 10:31 AM

Report This Essay

As a team we think that Landslide should take under considerations to have a very tight labor market. We believe that Landslide company they need a pay structure to be in place. A pay structure is job-base compensation model. Pay structure is a type up letter that is given to each employee and it description job date position that the company has. Design pay system it identifies important characteristic for each position so that each characteristic can be describe with, and weight with the same factors (Cascio, 2013).

As a team we think that Landslide Limo service should use a job evaluation. So that they could evaluate the employee work and rank their job. Landslide Limo service should use external survey to help them with identify pay rate in the labor market. Relevant labor market would include each competitors operating in the same business field and location (Cascio, 2013). By using an organization structure pay system it give you the differences between jobs, ranging from the manager on the top level and the employees at the bottom. As a team we believe that a total point awarded should be given to position during their job evaluation process. These point should be used to help pay grade that is relevant to the job position.

“Positioning is the act of designing the company’s offering and image to occupy a distinct place in the target market’s mind” (Kotler& Keller, 2012). They are also seeking to hire retain employee in a new market. In Austin Texas marketing position has low unemployment rate. According to the U.S. department of Labor Statics, the unemployment rate in Austin Texas is 3.5; which is significantly lower than the national average of 6.2%. The market competition has a high amount but their unemployment rate is rate is still low. In Austin Texas limo driver is 10% lower than the national average 25,200.

Austin Texas limo driver their pay starts at 22,570 which is 10.85 an hourly. As a team we recommend starting wage position be set at the...