Question: Wanda is concerned about how much it will cost her to pay all of the new employees she needs to hire in order to expand
Wanda is concerned about how much it will cost her to pay all of the new employees she needs to hire in order to expand her business. She has been profitable, but isnt making millions. She is thinking she might be able to pay some employees a salary, but looking at some of the employment Web sites, she is shocked to see how much some of the positions she needs to fill are demanding in her market. She is becoming discouraged and thinks that maybe the expansion of Salty Pawz will have to be placed on hold until she can figure out this whole employee pay thing.
For Your Discussion
- As you have learned in this module, Wanda has several options for paying employees, such as salary, payment by piecework, time rate, and differential time rate. Other options include straight commission, salary plus commission, and salary plus bonus. Make a recommendation in the discussion thread: which option would you recommend she use?
- Discuss whether or not you would recommend that Wanda use a single pay plan for all of the positions she needs to hire, and/or if some pay methods are better suited to some positions than others are. Remember, her employees will eventually cover the following areas:
- Production/Inventory/Warehousing
- Administrative Support
- Retail/Marketing/Customer Service
- Shipping
- Thinking about a job you have now, have had in the past, or hope to have in the future, discuss how you would prefer to be paid and why. Chances are very good that Wandas employees are not so different from you!
Step by Step Solution
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The question appears complete and I will address each part of the discussion prompts given Step 1 Recommendations for Employee Pay Options Wanda faces ... View full answer
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