Define the market to survey and give your rationale for

Question

Please be clear with your answers.

This is from a COMPENSATION MANAGEMENT COURSE!

You operate a 20 employee, 40 room, non-chain motel in Platteville, Wisconsin. Your employees seem to like their work atmosphere, but you have been experiencing a high and rapid turnover rate during the past three months, especially in the positions of front desk clerk and housekeeper. You suspect this is because other local businesses are offering higher wages and more benefits.

You decide to prepare a wage survey with a budget of $1000 to assess whether your suspicions are true. Your intent is to maintain a "meet" pay strategy. Your last job evaluation resulted in the following job structure:

1. Manager: $15.00/hour
2. Assistant Manager: 13.00/hour
3. Bookkeeper: 11.50/hour
4. Maintenance Mechanic: 10.50/hour
5. Front Desk Clerk: 9.00/hour
6. Housekeeper: 8.50/hour

Based on this information, complete the following:

1. Define the market to survey and give your rationale for each decision made.
2. Decide how many employers to survey and give the rationale for your decisions.
3. Decide which jobs to put on the survey and give your rationale for the approach you choose.
4. Decide how you will collect the survey information and give your rationale.