Question

In: Operations Management

Create a compensation plan for a business with 50 employees with 5 job classifications. Include job...

Create a compensation plan for a business with 50 employees with 5 job classifications. Include job descriptions for each job, a salary range and budget, and outline a merit plan.

Solutions

Expert Solution

Let us consider a business which is engaged in manufacturing the furniture for office and the house hold purpose and this business requires 50 employees for 5 job classification. The table below gives the compensation plan for the business:


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