18 58 230 924 Labor Information 5405 Regular Rate $16.00/hr For a 13-person team, on average, how many overtime hours will each person need to work? Overtime Rate $23.50/hr Targeted Labor Cost $12,000/wk Labor Hours Needed 750/wk Any hour worked over 40 hrs/wk must be paid overtime rate
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- Bonus Compensation Base and Pool There are three components to a bonus plan: the base ofthe bonus compensation (earnings, revenues), the bonus pool (firmwide or unit-based), and the payment options (cash, stock options). It is common in many industries, including the financial servicesindustry, to use a firmwide pool and revenue as the base for bonus compensation.Required1. What are some alternative bases for compensation pools, in addition to revenue?2. What effect do you expect the use of revenues, rather than some other base, to have on both the motivation of managers and the total bonuses paid to managers? Comment on the effectiveness of the revenuebase relative to other options for the bonus compensation base.3. Explain the likely motivational effects of the use of the firmwide bonus plan for firms in the financialservices industry.4. Do you consider the firmwide revenue plan for bonus compensation to be a fair method for determiningbonuses? Why or why not?If Amazon's board of directors wants management to maximize shareholder wealth, should the CEO's compensation be set as a fixed dollar amount, or should the compensation depend on how well the firm performs? If it is to be based on performance, how should performance be measured? Would it be easier to measure performance by the growth rate in reported profits or the growth rate in the stock's intrinsic value? Which would be the better performance measure? Why?Mr.Ahmed is HR manager at XYZ Company for more than ten years. Mr.Ahmed has four employees who do different tasks at the HR department. For example, Ms. Fatema is responsible for training and development function; she has to communicate with all departments at the Company to identify and analyze the training and development needs for the employees. Ms.Fatema likes her work so much and she does the required tasks without any help from the manager; at the same time, she likes to be involved in working with teams as she likes to share and most of times she is the leader of groups work. Ms.Fatema got a lot of attractive offers from other companies but she rejected all of them because she likes her Job and the organization’s environment. One of Fatem’s goal is to be one day a CEO at the Company; that’s why, she is working very hard and friendly with all employees. Mr.Issa is responsible for hiring process such as preparing HR planning, developing recruitment analysis and preparing for the…
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