Kudler Fine Foods Compensation

Compensation rates are an essential part of an employee’s benefit package. In order for any organization to acquire and retain experience and productive employees, management must design a compensation package that will be suitable for the potential employee to accept a job offer and use his or her acquired skilled to help the organization succeed. Before an organization can make a competitive offer to any potential employee, the organization should benchmark similar organizations in the same labor market. The information gathered will help management determine what a suitable pay structure for the employees would be.

This paper will describe the job classification and market rates for similar positions in similar organizations, access the market approach used by competitors in compensation planning, and evaluate the need to periodically review the compensation system.

Kudler Fine Foods is a upscale specialty food store with three locations in the state of California..

Introduction

Kudler Fine Foods is a triplex of successful gourmet food stores nestled in the San Diego metropolitan area of southern California. The gourmet food store is a one-stop shop for the freshest ingredients and most unique tools serving the most discriminating cooks. Kudler Fine Foods is an upscale specialty food store, servicing the food connoisseur from three California locations. Kathy Kudler, the President, who had tired of her marketing position with a large defense contractor as it involved constant travel and pressures typical of corporate life, founded the company in 1998. The company has three locations (La Jolla, Del Mar and Encinitas). Each store has approximately 16,000 square feet of retail space located in a fashionable shopping center (University of Phoenix, 2007). The stores are stocked with the very best domestic and imported foodstuffs and divided into five departments consisting of a fresh bakery and pastries, fresh produce, fresh meat and seafood, condiments and...