Compensation Plan For A New Business

4938 words - 20 pages


C-Side Resort

Team C

Team Project in Compensation

Table of Contents

Executive Summary 1

Company background and theme 2

Total Compensation Needs 3

HR mission statement, employee retention and employee hiring 3

Job Descriptions 4

Organizational Chart 14

Point Method System 14

Job Ranks within Organization 16

Market Data 17

Pay Structure and Ranges 21

Performance Evaluation 22

Exhibit 1: Performance Evaluation 24

Exhibit 2: Merit Pay Grid 25

Executive Summary

Company Background and Theme

Name: C Side Resort

Company Goal: The goal of C Side Resort is to achieve accolades from all who know us by ensuring top level quality, service, action, and appreciation.� As a company profits are expected, however we should strive for the ultimate customer service experience as the profits will take care of itself.

Values: At C Side Resort we believe that the customer is our top priority and will strive to ensure a quality stay at our resort.

Culture: Employees and management of C Side Resort will be expected to be able to carry out duties pertaining to their positions.� Additionally, employees would have to uphold values and actions that endorse a culture that believes in energy, integrity, productivity, teamwork, leadership, and accountability.

Location: C Side Resort is located on Florida's West coast in the town of Longboat Key.

Staffing plan: (81 employees), within the plan what type of positions will we need as an organization

-Managers needed: Spa-3


Golf Course-3


-Hourly workers needed: Spa-11


Golf Course-15


-Spa will have hair stylists, massage therapists, nail techs

-Restaurant will have cooks, wait staff, dish washers, and hosts

-Golf Course will have maintenance employees, caddies, and golf pro

-Hotel will have bell hops, reception staff, and cleaning staff

Total Compensation needs

Just to put more input into the total compensation portion we believe that C Side Resort needs to cover everything from salaries to benefits.

We should make guidelines to where administrators make a certain amount salary and non-administrative positions get paid hourly and qualify for OT when needed. Each employee should be eligible for medical, dental, and vision benefits after 90 days of consecutive employment. The company should pay a good amount into the benefits in order to alleviate the burden on the employee for the benefit.

Another idea would be to allow employees the opportunity to enroll in a 401K program that our company could set-up with a financial group such as Principal Financial Group. All employees should be eligible for a week's sick time and two week's vacation every calendar year following their...

Find Another Essay On Compensation plan for a new business

Recommendation for Compensation of Benefits Plan

936 words - 4 pages Recommendation of a new Compensation ProgramI am the new Vise president of benefits for R & J Mortgage Company. I am recommending a compensation program that will hopefully retain our employees and offer those benefits that are better then other companies. It is my responsibility as compensation and benefit specialist to conduct market pay studies, these studies determine what jobs that our company should pay, what benefits and incentives

Compensation Plan for Kudler Fine Foods

3109 words - 12 pages compensation strategy conveys to employees and recommends an administration approach for Kudler's human resources function. This discussion includes how the recommended compensation plan will be carried out and implemented within the Kudler Foods organization. Also addressed are the job analysis, using the job position and new job descriptions, the job design, which includes the Job Based and Person Based Assessment, a discussion on the competitive

A Business Plan for Precision Auto Detailing

869 words - 3 pages new business and now they need a loan in order to get some new equipment.(Toosi, 2009) A business plan is a very important aspect of having a successful business, and getting financial support from banks or other investors.Business PlanThe reason Chad and Kyle need a business plan is because bankers need assurances that there investment will make money, and that is made in a timely manner. A business plan is an explanation in writing of the effort

Marketing Plan for a Gaming Company entering a new market

1969 words - 8 pages Executive Summary:The following marketing plan forms the basis for the introduction of a new chain of games by Indiatimes. The analysis allows up to outline the best strategies to follow for the achievement of the company's strategic goals. India games content will be marketed as a unique platform while striving to reinforce the company's status as the leader in innovation and successful product launches. The marketing strategies will enable to

New Business: Business Grow Strategies For a Mobile Sanwich Trailer

1849 words - 7 pages problems is to ensure that her employees don’t have a problem with the additional drive, and if they do she might have to find new employees. If the community does not respond appropriately to welcoming Kelly’s business she needs to be able to adapt to her customers and possible be able to provide additional products. Kelly has made a large decision to open a restaurant and she has a lot of work to do in order to plan for all the aspect of her new

Global Business Strategies, Hypothetical New Business Plan

5801 words - 23 pages market exists for a particular product or service and attributes to the success by providing the information that is essential to growth. The purpose of this paper is to provide the information accumulated which will substantiate the decision of DEERS Delivery Management to initiate a shipping and delivery business in Thailand. The business plan developed has been devised through extensive research with considerations for all known facets

Compensation and Benefits Plan for the Joint Automotive Corporation

672 words - 3 pages spending enough in addressing the compensation and benefits needs of our employees. We plan to look at the following areas to see how cost will affect our bottom line in profits; current benefits plan vs. optimal benefits package, incentive programs such as bonuses and profit sharing, and a need of routine job evaluations to reflect current trends in compensation factors, ranking, and pay grades. Suggested HR department will be responsible for

Development of a Motivational Organization plan for a small business

1195 words - 5 pages Organization's Motivational PlanI am President, and CEO of a small geneal contracting company. We are a medium size company for our market, with 20 employees. We operate in the residential, and commercial markets, specializing in higher end residential new construction and remodeling projects in neighborhoods which typically display homes of $ 250,000.00 or more. Tradesmen in this industry are independent, and perfectionistic. The craftsmen on

Obamacare: A New Health Care Plan for America

1576 words - 6 pages As of 2014 we are presented with a new health care plan for America. The Affordable Care Act (ACA), better known as Obamacare, was brought up by President Obama in 2010 and was upheld by the Supreme Court in 2012. Obamacare’s goal is to give more Americans access to affordable, quality health insurance, and to reduce the growth in health care spending in the U.S. The Affordable Care Act puts consumers back in charge of their health care

Business Plan for a full-service multi-sport complex.

2380 words - 10 pages continual basis in the evaluation of The Premiere Courts' mission, goals, and objectives.The keys to success for The Premiere Courts are our ability to market effectively, creating an unmatched "cool" atmosphere where people will like to be, and hiring qualified/certified and knowledgeable staff to aid in the running of our programs and leagues.The sports and fitness club industry is a booming business that according to research, produced over $10.6

Compensation Management Explain the need for designing of Compensation Policy. What is the importance of compensation system in business organization?

1146 words - 5 pages policy questions:• How will jobs be valued (by content, skills required, etc.)?•How should pay compare to similar positions in relevant markets?•What is the policy with respect to pay for performance?•Is there a commitment to pay in relation to inflation, and if so, what is that commitment?•Will all persons and jobs be treated in the same way regarding compensation policies, or will there be differentiation according to

Similar Essays

Business Plan For New Airline Essay

1795 words - 7 pages Business Plan for New Airline HausAir Mission Statement HausAir fixed base operation will provide the highest quality of flight instruction and comfortable charter services to the public; without compromising an ounce of safety, at a price lower than the competition. Human Resources/ Management Functions Breakdown of initial staff to begin at HausAir. (1) Manager/Owner Jason Bushouse (1) Assistant Manager Jeff Doyle (5

Design A Basic Compensation Plan For Wal Mart In China

1897 words - 8 pages job. It can be stated that if the human and resource department of Wal-Mart have to work very hard to train and educate the employees so they ate are to survive in the Chinese culture and society. The more employees feel that they are worthy and special and know that they have a great compensation package then their moral will stay high thus happy employees. Most business have performance based incentive plan and it is not new to Wal-Mart United

A Business Plan For A New Company. Selected The Beauty Industry, Created A Plan For The Start Up Venture

1861 words - 7 pages Executive summaryIntroduction and background to the companyIt is evident that we are living in an ever-changing society. There is a growing awareness in the business world to ensure that products are ecologically sustainable, meeting the needs of the present without compromising the future.With the above view in mind, I plan to set up an ecologically friendly beauty company, selling fragrant handmade cosmetics based on natural ingredients

Business Plan For A Nightclub Essay

1612 words - 6 pages Business Plan for a Nightclub LEVEL 3 plans to be a chain of upscale nightclubs centering around the middle Georgia areas. It is demographically targeted to middle aged adult’s ages ranging from 25 and up. LEVEL 3 aims at providing quality entertainment, food and refreshments along with a welcoming environment that will give our customers a unique and entertaining experience. Company Overview This company evolved through a partnership on