Preview

Fastcat’s Competitive Position

Powerful Essays
Open Document
Open Document
1098 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Fastcat’s Competitive Position
4. FastCat’s Competitive Position 5.1. Select Benchmarks and Survey
When benchmarking the job, we have divided all job title into four categories:
1.) Administration
Office Support 1(Data Processor), 3(Administrative Assistant) and 4(Administrative II)

2.) Marketing
Marketer 1(Marketing Support), 2(Field Marketing Rep), 3(Business Solutions Consultant) and 4(Technical Marketing Consultant)
Marketing Manager 1(Business Account Leader) and 3(Visionary Champion)

3.) Technical
Technician 2(Technical Analyst A), 3(Technical Analyst B) and 4(Senior Technician)

4.) Engineering
Engineer 1(Usability Engineer), 2(Software Interface Designer), 4(Software User Interface Architect) and 5 (Senior Fellow)
Engineering Manager 2 (Project Manager)

We benchmark jobs base on the following criteria: Roles and responsibilities, Year of working experience and competencies described in JD. For example, the entry level job – “Office Support 1” , it performs clerical, routine works and works under close supervision which is similar to Office Aide’s job description (clerical support duties, keep supervisor informed, e.t.c.). Other example, “Engineer 4” performs program design, development and analyst, 4 to 6 related experience is required, which is highly similar to Software User Interface Architect (Minimum 6 years experience in related software program ), so we benchmarck this job with “Engineer 4”.
In FastCat Job Descriptions, we have note selected “Massage Therapist” which is not related to FastCat’s industry and there is no any JD fit to FastCat job.

5.2.1. Relevant Markets of FastCat
We set update percentage at 4.6% of survey data as they are already six months old and for ealiest convenience in projection into the future.

For pay forms of FastCat, we emphasize on Base Pay (occupy 77%) as our top priority, and then Benefits (occupy 15%), Bonus (occupy 5%) and Merit (occupy 3%). We sustain employees’ base pay at a appropriate level but not

You May Also Find These Documents Helpful

  • Satisfactory Essays

    Tanglewood essay

    • 679 Words
    • 3 Pages

    Based on descriptions and test data, the proposed hiring tools have varying degrees of practical and statistical significance.…

    • 679 Words
    • 3 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Triton is a company specializing in pre-employment background checks, such as criminal background checks, credit checks, reference verifications, education verifications, credential verifications, and employment history verification.…

    • 571 Words
    • 3 Pages
    Satisfactory Essays
  • Powerful Essays

    Hrm 531 Case Study

    • 1761 Words
    • 8 Pages

    Such things as "pay scales, reward programs, benefits packages, company perks, allow a business to compete in the market for best employees in the industry (Lister, n.d.). It will be up to the HRM department to conduct pay salary surveys in areas of business and be competitive in their pay scales. These surveys or scales should be reviewed annually to adjust for any necessary changes. According to the budget information received from Marylee the revenue will stay the same as well as the -3% revenue growth, therefore it is essential for Clapton will have to remain within in the their boundaries to remain in business. Organizations are only as successful as their approach to hiring the right people, setting clear expectations, managing performance and recognizing and rewarding employees for a job well done (Lotich,…

    • 1761 Words
    • 8 Pages
    Powerful Essays
  • Satisfactory Essays

    The teams are not merely front-end sales organizations, but should be considered more as strategic business units, each with full profit and loss responsibility. Management considers them the “organizational cells” of the business, like cells in the body of a human being. Team Leaders are delegated broad authority and responsibility regarding the way the teams conducts its operations, from hiring, promotion and firing of team members, to decision making regarding the procurement and merchandizing of goods .…

    • 609 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    In order to control costs InterClean’s pay system should channel more dollars into incentive awards rather than fixed salaries. “Such variable-pay systems almost guarantee cost control” (Cascio, p. 417). The pay system for employees will be a pay-for-performance theme with bonus payouts. Not only will this pay plan keep costs lower than other pay plans, but it will also help to encourage healthy competition among employees and increase productivity. “Almost a third of American workers whose pay is not tied in some way to their performance…

    • 583 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    Sleddog Software

    • 493 Words
    • 2 Pages

    For pay we agree that market match is the closest to what type of pay we would want to implement. We agree with this because we want the base pay to a big percentage of their pay but still include a fair amount of benefits with other options and bonuses available.…

    • 493 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Rwt1 Wgu Business Report

    • 2510 Words
    • 11 Pages

    Compensating our employees using the base salary approach is a well accepted strategy. This approach provides for a set salary that employees will earn based on their job coding. Factors such as merit or tenure will have no impact on someone’s base salary. This is a stable compensation strategy leveraged within similar organizations and an approach most employees feel comfortable with as it’s very cut and dry. The downside of using this approach is that there is little room for growth and salary increases and which can be de-motivating.…

    • 2510 Words
    • 11 Pages
    Powerful Essays
  • Powerful Essays

    Milkovich, G., & Newman, J. (2004). Compensation 8e: The pay model. Retrieved January 23, 2008, from Univerity of Phoenix, eBook Collection…

    • 3901 Words
    • 16 Pages
    Powerful Essays
  • Powerful Essays

    The focus of this section of the analysis is to decide on the allocation of pay methods in order to motivate and retain employees while also achieving external market consistency. The first step was to decide on an allocation mix consisting of base pay, short term incentives, long term incentives, and benefits for each individual job structure. Factors such as importance to strategic goals, need for retention, long term impact, and skill level factored into this decision. The result was…

    • 6558 Words
    • 27 Pages
    Powerful Essays
  • Better Essays

    Planning Document

    • 1142 Words
    • 5 Pages

    The overall goal and strategy of the XYZ Company is to align its total compensation and benefits plan to the financial and operational results of the Corporation and the Business Unit. Alignment of variable compensation to performance is essential to ensure that the supervisory team and identified sole contributors share in the prosperity of the Company when our goals and objectives are exceeded and does not expect or receive variable compensation in those years where failed to meet our key business targets…

    • 1142 Words
    • 5 Pages
    Better Essays
  • Good Essays

    The last job is the symbolic analytic service worker. People in this category are problem-solving, problem-identifying, and strategic-brokering workers. Their services can be traded worldwide and compete with foreign markets. Things that are traded are not physical or commercial things but rather data, oral and visual representations. Jobs included in this category are research scientists, design engineers, software engineers, civil engineers, biotechnology engineers, sound engineers, public relations…

    • 306 Words
    • 2 Pages
    Good Essays
  • Satisfactory Essays

    Mis Quiz 1

    • 719 Words
    • 3 Pages

    MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question.…

    • 719 Words
    • 3 Pages
    Satisfactory Essays
  • Powerful Essays

    Compensation

    • 10746 Words
    • 43 Pages

    textbooks. The amount of time the case takes for students to complete will depend on…

    • 10746 Words
    • 43 Pages
    Powerful Essays
  • Powerful Essays

    Needs Assessment

    • 2752 Words
    • 12 Pages

    8. Analyze task analysis data to determine the tasks in which people need to be trained.…

    • 2752 Words
    • 12 Pages
    Powerful Essays
  • Powerful Essays

    In today’s economy it is vital that society as a whole carefully consider every dollar spent. In both the small and large business environment one of the most important ways to do that is to analyze money spent on a company’s greatest asset – its employees. Although unemployment is still relatively high and many people are willing to work for much less than they would have three or four years ago, the savvy applicant knows the value of employment benefits. When given a choice of the same salary, most applicants will choose the position that offers benefits. In some cases, applicants will choose a position that offers a lower salary as long as benefits are part of the employment package. Be that as it may, it behooves the hiring firm to closely review their benefits package to be sure they are offering the best they can with the dollars available. With a competitive benefits package, a firm is more likely to hire and retain quality talent. In doing so, the firm also positions themselves to find success in their line of business. The question, then, that many business owners face is whether a benefits package is affordable and the best use of funds. For every business, the financial aspects can vary dramatically and the final results can look very different, but it is possible to put together a benefits package for your business.…

    • 3488 Words
    • 14 Pages
    Powerful Essays