Compensation and BenefitsWhen developing a compensation package for a restaurant manager at The Cheesecake Factory,it's essential to ensure that the package is both competitive and aligned with industry standardswhile also incentivizing high performance. Here's a proposed compensation package:$141.$ Base Salary Competitive Market RateThe base salary for a restaurant manager at The Cheesecake Factory should be aligned with themarket rate, which typically ranges between $$60,000$ to $$85,000$ annually, depending on thelocation, experience, and size of the restaurant. To ensure competitiveness, an annual reviewshould be conducted to adjust for inflation and market changes$\mathrm{.}2.$ Incentives and BonusesPerformance$-$Based Incentives: Managers should be eligible for quarterly bonuses based onkey performance indicators $($KPIs$).$ These can be structured to reward the manager for meeting orexceeding specific performance metrics. For example: Sales Targets: A bonus of $5\%$ of the basesalary for achieving monthly sales targets.Customer Satisfaction Scores: Measured through customer feedback and online reviews. Abonus of $3\%$ of the base salary for maintaining a customer satisfaction rating above $90\%.$Operational Efficiency: Meeting targets for labor costs, food costs, and overall profitability.Employee Turnover Rates: Achieving low turnover rates through effective team managementand employee satisfaction.Cost Management: A bonus of $2\%$ of the base salary for keeping food and labor costs withinbudget.Bonus Structure:Up to $10-20\%$ of the annual base salary, depending on performance metrics.Additional bonuses for achieving exceptional results, such as setting new sales records ormaintaining top$-$tier customer satisfaction scores for an extended period$\mathrm{.}153.$ BenefitsHealth Insurance: Comprehensive health insurance covering medical, dental, and vision care.The Cheesecake Factory should cover a significant portion of the premium, ensuringaffordability for the manager and their family.Retirement Plans:$401($k$)$ Plan: With a company match up to a certain percentage of the managers salary $($e$.$g$.,4-6\%).$Profit$-$Sharing Plan: An additional contribution from the company based on overall companyperformance.Paid Time Off $($PTO$)$:Vacation Days: $15-20$ days per year, with the possibility of increasing with tenure.Sick Leave: $10-12$ days per year.Personal Days: $3-5$ days per year.Parental Leave: Paid leave for new parents, including maternity, paternity, and adoption leave.Other Perks:Employee Discount: Substantial discounts on meals and products at The Cheesecake Factory.Professional Development: Access to training programs, workshops, and seminars to enhanceleadership and management skills.Wellness Programs: Access to gym memberships, mental health support, and wellnessinitiatives.Stock Options: Offering stock options or shares in the company to align the managers interests. Summary these for powerpoint presentation