The objective of this assignment is to analyze and develop effective HR compensation$-$related cost$-$saving measures that ensure the financial stability of the company while maintaining employee morale and retention.

Assignment Overview

Based on Chapters $9$ and $10$ of your textbook $($and other relevant chapters$),$ your group is required to devise a number of cost$-$saving measures for Urban Retail Co$.$

Urban Retail Co$.$ is a mid$-$sized retail company with stores in Vancouver and Toronto. The Vancouver store has $250$ employees, while the Toronto store has $150$ employees.

Due to a downturn in the economy, the company's revenues are down by $45\%.$ The CEO has emphasized that no employees should lose their jobs. Your HR Team has been tasked with identifying cost$-$saving measures $($compensation and benefits$)$ to match the $45\%$ revenue loss.

Follow assignment instructions and consider the effect of changing $($adding or removing$)$ each of the compensation types $($such as direct, indirect, and non$-$financial$)$ including incentives