do you agree or disagree and what do you like or dislike about this discussion? Joe will need to look at his external and internal equity. He needs to asses how others are paying for those in similar positions, and can he afford to offer incentives for long$-$term employment. Joe asking what managers want their desired salary to be is not uncommon. Many places ask what their salary requirements are when interviewing candidates. Joe needs to know what the competitions average salary is for their managers and what exactly are they expected to do in their positions. Once he knows what the going average is he could then increase it by a certain percentage, offer benefits and individual incentives to make the position more attractive.

Agency theory may help guide Joe in finding someone to take over the Grill one day, because this will allow him to find someone who would act as he would in his absence$.$ He needs an individual who shares his vision and passion for the Grill. They would be an agent upholding Joe's interests while he decreases his day$-$to$-$day business involvements. By utilizing the graph, Joe can use equity theory to understand what other businesses are paying their managers in comparison to what he is offering. This will help him determine a better offering when interviewing managers. If managers feel they are being fairly compensated it can increase their motivation and commitment.

FLSA standards will need to be considered when designing the compensation package. Joe will need to determine if the manager position will be exempt or non$-$exempt according the expectations of their duties. Will they be expected to work over time or a standard $40$ hour workweek. Being he would like to find an individual to pass the business on to$,$ the new manager would most likely be exempt.