Fast Cat: Phase 3 Essay

The Correct Answer is: B. By structuring a performance-appraisal system for

z. P2) High profits are the signal that consumers want more of the output of the industry.

a. The company wouldn’t produce replicas and change their business model (sales are still increasing roughly 20% each year)

Benchmarking jobs was a critical step in developing grades and ranges. Some of the job descriptions in the survey data did not clearly relate to the jobs in FastCat, which caused us to avoid those particular survey jobs. Due to these discrepancies among the job descriptions, we decided to evaluate the descriptions that most clearly matched the FastCat jobs. For example, in the Business and Marketing pay structure, the Administrative Aide requires very basic qualifications, such as a high school diploma and competencies in basic skills, such as word processing and simple administrative tasks. We felt that this most closely identified with the Office Support 1 position because its description involved simple word processing tasks as well

All base salaries will be set with in a range depending on experience, education, qualifications and position. These salaries will be set according to the market percentiles at similar organizations. All salaries will be reviewed for competitiveness on an annual basis and adjusted if the market and financial performance allows. Adjustments will be based off of performance reviews, experience, and overall contribution to the organization. Unless there is an exception from the CEO all salaries will remain on or below market target numbers. Incentive pay awards will be given to those who reach the pre-determined performance goals listed. All compensation plans will focus on improving performance and achieving strategic goals. Pre-determines

a. If we accept the contract we will lose our exclusive reputation to our current

3. Earning a profit probably should be one of the objectives of a firm, but it should not be the only one.

The success of every organization is dependent upon the recruitment and performance of its employees. A job analysis leads to a job description. Job analysis differentiates one job from another. The purpose of the job analysis is to evaluate certain tasks of a particular job position (Stetz, Button, & Quist, 2012). A formal job description will ensure that the employee retention rate will remain at a low level. First, the compensation professional should address the lack of job descriptions for the current and potential personnel hired for Easy Spa. The fact that the company does not have any written job descriptions is an issue that must be addressed. It is imperative that the company is hiring qualified personnel for each position. Job description

b.  Do the same for the employees that travel more than the median who have stayed beyond 3 years.

c. I would expect that students who worked as interns will make more income later in the future.

Cats are fun to have but also are a lot of work they rip curtains, scratch wood and jump on shelves. But they also are fun because they curl up with you and play with you.

Choosing a multiple job structure with a person-based pay will allow FastCat to utilize a hybrid structure. We have decided to lead with pay in the more critical jobs and match with the remainder jobs which include low skill or are entry level positions. We have assessed present salaries, created a

Cats are not exactly an open book, sometimes it takes a little while to learn them and then only when they feel you are ready, they will allow you to be their caregiver. Cats have a unique personality and with that come some pretty interesting facts about cats:

The Marketing Department plays a necessary role in promoting the business and mission of an organization. It serves as the face of your company, coordinating and producing all materials representing the business. It involves packaging, researching and presenting products and services to consumers. The job of marketing in organizations in today’s world is too important to be

Marketing also helps us in learning on how to focuses on developing and managing continuing relationships with customers, competitors, partners, suppliers and all stakeholders. The marketing field also has opportunities for careers that are less affected by cyclical economic fluctuations and offering better opportunities than many other careers for growth and promotion that have the personal merit based. Salaries in marketing positions are among the highest of all professional fields and offer excellent prospects for future growth (Pascual, 2003).