HRM 531 Wk 3 Compensation Benefit
Compensation and Benefits Strategies Recommendations for Landslide Limousines
Patricia Bernal
Cody Brenneman
Seneca Hart
Jose Morales
Yolanda N. Marion
Michael Templeton
Team A
HRM531
November 10, 2014
Instructor Foy Wallace, III
Compensation and Benefits Strategies
Introduction to the assignment for the week.
Recommendations for Landslide Limousines
As we put this paper together, let’s make sure we cover all the requirements:
Conduct a market evaluation by researching what companies in the relevant market are providing to employees from a total compensation perspective.
Recommend a compensation structure.
Recommend the position in the market.
Create a total compensation and benefits strategy.
Consider the use of performance incentives and merit pay to recognize and engage employees.
Identify laws related to the benefits and pay program.
A. Cody – Comparable to other businesses in the Area (what should the client choose as a benefit package)? Austin, TX average salary for a driver with experience is 38k. Other services are hiring in new drivers with clean credentials for $15 an hour plus tips. Austin drivers make about 6% less then the national median. This data was collected from indeed.com
B. Patricia – Depending on the location check the Market or Strategy to see if it will work there. Landslide Limousine must take a close look at all competitors before building any benefit and compensation package. Once Landslide Limousine has pin point what the other competitors are offering their employees Landslide then can have a clear view of the market and how they can possibly influence potential employees to come and work for the company. Currently there are 122 limousine services in Austin, Texas according to the yellow pages, and they all offers the best service at an affordable price. Landslide Limousine will have to offer an excellent benefits package if it desires to bring aboard experienced recruits and retain any recruits. Landslide Limousine
Patricia Bernal
Cody Brenneman
Seneca Hart
Jose Morales
Yolanda N. Marion
Michael Templeton
Team A
HRM531
November 10, 2014
Instructor Foy Wallace, III
Compensation and Benefits Strategies
Introduction to the assignment for the week.
Recommendations for Landslide Limousines
As we put this paper together, let’s make sure we cover all the requirements:
Conduct a market evaluation by researching what companies in the relevant market are providing to employees from a total compensation perspective.
Recommend a compensation structure.
Recommend the position in the market.
Create a total compensation and benefits strategy.
Consider the use of performance incentives and merit pay to recognize and engage employees.
Identify laws related to the benefits and pay program.
A. Cody – Comparable to other businesses in the Area (what should the client choose as a benefit package)? Austin, TX average salary for a driver with experience is 38k. Other services are hiring in new drivers with clean credentials for $15 an hour plus tips. Austin drivers make about 6% less then the national median. This data was collected from indeed.com
B. Patricia – Depending on the location check the Market or Strategy to see if it will work there. Landslide Limousine must take a close look at all competitors before building any benefit and compensation package. Once Landslide Limousine has pin point what the other competitors are offering their employees Landslide then can have a clear view of the market and how they can possibly influence potential employees to come and work for the company. Currently there are 122 limousine services in Austin, Texas according to the yellow pages, and they all offers the best service at an affordable price. Landslide Limousine will have to offer an excellent benefits package if it desires to bring aboard experienced recruits and retain any recruits. Landslide Limousine
References: http://www.bls.gov/oes/current/oes533041.htm http://www.simplyhired.com/salaries-k-limo-driver-jobs.html http://www.payscale.com/research/US/Job=Chauffeur/Hourly_Rate http://www.simplyhired.com/salaries-k-limousine-driver-l-austin-tx-jobs.html http://www.yellowpages.com/austin-tx/limo-service?s=relevance http://smallbusiness.chron.com/advantages-teambased-incentive-pay-plans-21693.html http://www.sibson.com/services/performance-and-rewards/pay-for-performance/incentive-plan-design/