Review case ecos Valley SteakHouse Case and answer the following:
1. What will be the compensation goal relative to the market? Will Pecos Valley SteakHouse lead, follow, or lag the market in terms of pay for these occupations? What is the rationale for this decision?
2. Pay systems normally are a combination of base pay, incentive pay, and pay-forperformance. What will be the combination at Pecos Valley SteakHouse for 6 Pecos Valley SteakHouse Case these occupations? If you are using incentive pay as part of your plan, then you must decide on the combination of individual, group, and company-wide incentives that be used in your pay structure. You will need to provide details and a rationale for the various incentive plans used in your pay structure.
3. Assume a 40% range spread for each occupation. Calculate the midpoint, minimum, and maximum salary points for each occupation's pay grade.
4. Using the pay range calculated in number 3 above, what is the salary for a General Manager at a 87% compa-ratio level? What is the salary for an Assistant Manager at a 105% compa-ratio level?
5. Calculate the pay overlap between these two pay grades.
6. Referring to your CPI analysis earlier in this project, what is your estimated CPI rate for 2015? Using this estimate recalculate the midpoint, minimum, and maximum points for each pay grade to reflect this inflationary salary increase.
Review the attachment:
Attachment:- Case.pdf