Ed has decided that he would like to restructure how he pays his employees. Big Ed’s Motorcycle Shop has the following types of employees:
- Office Manager/Bookkeeper
He currently pays all of his employees a salary, and they are paid every other week. Ed would like to be able to offer some type of incentive pay.
Conduct research to locate alternative methods of pay structure for Big Ed’s. Prepare a memo to Ed Silver that identifies a minimum of one alternative pay structure for each type of employee. Provide a thorough description as well as an example (calculation) for each type. Create a new policy of pay structure for each type of employee based on your research.
As you prepare your memo, remember to consider who your audience is and what the purpose of the memo is. Transferrable skills that will be used in this assignment include communication, information literacy and critical thinking.