Imagine that you own a small clothing store specializing in men's suits with gross revenues over $1,500,000 per year. You have a staff of five people, all of whom receive an annual salary:

• One buyer responsible for choosing and acquiring the store's merchandise (Exempt FLSA classification)
• Two salespeople (Non-exempt FLSA classification)
• One cashier (Non-exempt FLSA classification)
• One store manager (Exempt FLSA classification)

1. Assume that your business strategy is to provide good quality, low cost suits, how would you allocate your $225,000 salary budget across these four positions (5 people) to best align your pay structure with your business strategy? Explain your decisions.
2. Assume that your business strategy is to provide excellent customer service, how would you allocate your $225,000 salary budget across these four positions (5 people) to best align your pay structure with your business strategy? Explain your decisions.

Answer rating: 100% (QA)

To align the pay structure with the business strategy of providing good quality lowcost suits the allocation of the 225000 salary budget among the four positions can be done as follows Buyer responsib... View the full answer