mgt 521

Topics: Employment, Construction, Wage Pages: 3 (553 words) Published: August 18, 2014
Compensation and Benefit Strategies

Compensation and Benefit Strategies


Compensation and Benefit Strategies

In the development of a compensation and benefit strategy for Clapton Commercial Construction, the Atwood and Allen Consulting firm will research multiple factors, and provide a comprehensive recommendation proposal to the firm. The proposal includes the development of clear job descriptions and employee performance plans, a local market evaluation, market position, performance incentives, and laws pertaining to Arizona compensation, as the construction company is expanding the operation in the near future. The Clapton Company requests the recommendations allow the company to remain comparable to other Arizona construction firms and meet the parameters of their annual net revenue of $10,000,000. The primary goal of the package is to provide a fair yet competitive pay structure to employees while maintaining the financial standing of the firm.

Market Evaluation

With more than 35 billion dollars in post-bid commercial construction projects currently underway in Arizona, the construction market is likely to continue to remain quite competitive (Reed Construction Data, 2013). “Nationwide, the construction industry stood at 5.83 million workers in October, up 3.3 percent year-over-year. That also was up by 11,000 from September, marking the fifth consecutive month of job gains, making the industry competitive at best” (Hansen, 2013, p. 1). Although the market is robust in the state, Arizona offers one of the lowest costs of business operation in the nation. The low operating costs, related to low taxes and a small state government, make the expansion into Arizona a smart business decision.

In a review of comparable construction companies in Arizona, the mean hourly wage for construction occupations in 2012 was $19.10 per hour. The average hourly wage for first line construction supervisors is $29 and general...
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