PROBLEM
What should Harvey Finley do with the compensation scheme of Cathy Brannen, given her contribution and the present standing of the Troupville Business Systems?
OBJECTIVES
? To establish a compensation package that would be fair for Cathy Brannen and the rest of the Troupville employees.
? To keep Cathy Brannen in the company with an arrangement that is agreeable to her and the company.
? To find an alternative solution that would justify the 2% override on Cathy Brannen’s compensation.
AREAS OF CONSIDERATION
• Salary scheme of other employees in managerial positions.
• Cathy’s seven years of stay in Troupville Business Systems.
• Annual profit of the company.
• Rate of compensation of a receptionist.
• Cathy’s previous compensation in her prior job.
• Cathy’s competitiveness, skills, and talents.
• Reaction from other employees who have known Cathy’s compensation scheme.
• Agreement between Cathy and Harvey regarding the onset of the business.
• Harvey’s financial capability in paying his employees.
SWOT ANALYSIS
Strengths Weaknesses
? Increasing growth of the company
? Competent employees
? Sufficient knowledge of the business
? Lack of proper compensation structure
? Indefinite job description
Opportunities Threats
? Wide connections
? ...