Question: Students will be assigned into small groups for a semester project in the role of consulting teams. Team will review performance and salary data provided

Students will be assigned into small groups for a semester project in the role of consulting teams. Team will review performance and salary data provided to demonstrate a pay for performance strategy in decision making, budgeting, and administering merit increase distribution to a work unit. The deliverable is a written paper in APA format capturing assignment requirements AND team presentation.
Overview: The semester Team Project builds on your chapter readings on performance evaluation, managing compensation, and pay for performance.
A worksheet has been prepared for you listing your 12 employees, their current salaries and their annual performance ratings which you have determined. The current salary range for a Sales Associate for a sporting goods store is:
Minimum $15.00/hr $31,200/annual
Midpoint $22.50/hr $46,800/annual
Maximum $30.00/hr $62,400/annual
As the Store Manager you have been given the task of recommending annual merit increases for your subordinates. Last month you completed annual performance discussions with each member of your unit. This month you are tasked with determining how best to distribute the merit budget and prepare salary discussions for each of your employees. You have been provided a 3% merit budget to award your team as you see fit.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!