Assignment: Consulting You have just taken over a position as a Compensation Analyst for an online global management consulting business, MGH. You have been asked to provide a basis for pay for some new employees: A new Management Consultant I (entry level based in San Francisco), 30 hours per week Research Analyst (two years’ experience based in Mexico City), full- time A new Vice President-Asia (based in Seoul), MBA Stanford University, born in Seoul, 15 years consulting for software companies Current paid salaries at the MGH Company: Management Consultant II – $85,000 base Research Analyst I – $35,000 base Vice President IT Western Hemisphere – $250,000 base Create a Word Document for each new employee position. Determine the basis for recommending the salary for each position. Show the basis, the salary or pay and justify your recommendation. Go to the following sites as a start for your research: U.S. Department of Labor: Wages Job Performance Resources
Read online global management consulting business
ASSIGNMENT COMPLETED AT https://capitalessaywriting.com
MAKE YOUR ORDER AND GET THE COMPLETED ORDER
Being a Compensation Analyst at MGH, I will suggest the following pays for the selected positions.
Management Consultant – I
As the company is giving $85,000 salary to the Management Consultant – II, so the company should give $40,000 salary to the Management Consultant – I. As the minimum pay rate according to the US Department of labour is $7.5 per hour(“Home | U.S. Department of Labor”, 2020). So, while keeping in view all of this detail, the company should provide $40,000 base salary to the management consultant – I. As when the management consultant – I will be promoted to the management consultant – II, then his pay will be doubled and also, an addition of $5,000 will be done to the salary. Thus, the salary of the Management Consultant – I should be paid $40,000 base salary.
Research Analyst
As the company is giving $35,000 salary to the research analyst – I, based on this salary, the company should provide the research analyst with two years’ experience, a salary of $75,000. As the research analyst has an experience of two years in Mexico which is also the main city. Due to these factors, the company should give $75,000 base salary to the research analyst. It will meet all the requirement of the United States Labour Department. As the salary of the research analyst – I am $35,000. The salary of the research analyst with two years’ experience is based upon the salary of the research analyst – I. As $75,000 is a base salary, the company should give promotions and bonuses to the research analyst based on his work. In this way. The research analyst will work harder for the company. Thus, the company should provide $75,000 base salary to the research analyst with two years’ experience based upon these factors.
VP Asia
As the company is paying $250,000 to the VP of the western hemisphere. While offering a job to the VP Asia, the company should offer $250,000 salary to the VP Asia. As he is graduated from the University of Stanford and he has an experience of years of managing the software companies. Thus, keeping in these factors the company should offer $250,000 to the VP Asia. Another factor is that the company should offer a fixed salary to the VP of every branch, if the company will vary the salaries of the VP of the branches, then there will be controversies. The VP’s will demand an increase in salary based upon the salary of the other VP. When the controversies will start then the VP’s will threaten…………………………………………………………………………………………………
ASSIGNMENT COMPLETED AT https://capitalessaywriting.com
MAKE YOUR ORDER AND GET THE COMPLETED ASSIGNMENT
