Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Listed below are your notes on the performance of eight managers who work for you. Working alone, recommend salary increases for eight managers who have
Listed below are your notes on the performance of eight managers who work for you. Working alone, recommend salary increases for eight managers who have just completed their first year with the company and are now to be considered for their first annual raise. Keep in mind that you may be setting \% Abraham McGowan. Abe is not, as far as you can tell, a good performer. You have checked precedents and that you need to keep salary costs down. However, there are your view with others, and they do not feel that he is effective either. However, you happen to know he has one of the toughest workgroups to manage. His subordinates have low skill levels, no formal company restrictions on the kind of raises you can give. Indicate and the work is dirty and hard. If you lose him, you are not sure whom you could find to the sizes of the raises that you would like to give each manager by writing a replace him. percentage next to each name. % Benjy Berger. Benjy is single and seems to live the life of a carefree bachelor. In general, Here are your initial assumptions: you feel that his job performance is not up to par, and some of his "goofs" are well known to his fellow employees. 1. all of the eight managers entered the company at the same salary, say % Clyde Clod. You consider Clyde to be one of your best subordinates. However, it is obvious $50,000, which gives a total salary expense of $400,000. that other people do not consider him to be an effective manager. Clyde has married a rich 2. Executive management has allowed a salary raise pool of 10 percent of wife, and as far as you know, he does not need additional money. the current salary expenses, then you as the manager have $40,000 to \% David Doodle. You happen to know from your personal relationship with "Doodles" that he give out as raises. badly needs more money because of certain personal problems he is having. As far as you are 3. One final alternative, is that Executive management is supportive of concerned, he also happens to be one of the best of your subordinates. For some reason, your enthusiasm is not shared by your other subordinates, and you have heard them make joking unique opportunities - if they are followed by superior performance. If remarks about his performance. as a leader you had the ability to add an additional $20,000 to the pool, \% Ellie Ellesberg. Ellie has been very successful so far in the tasks she has undertaken. You are with the assumption that if the managers do not meet their goals it will impact your performance evaluation. This could result in a direct particularly impressed by this because she has a hard job. She needs money more than many of the other people, and you are sure that they respect her because of her good performance. reduction of your own performance bonus, up to the $20,000 investment. Would you consider any additional compensation that puts your bonus at % Fred Foster. Fred has turned out to be a very pleasant surprise to you. He has done an excellent job, and it is generally accepted among the others that he is one of the best people at risk? 4. With those criteria in mind, present your recommendations for a salary very much about money and promotion. increase for each manager listed below. Using criteria you have learned % Greta Goslow. Your opinion is that Greta is just not cutting the mustard. Surprisingly in this course to date, personal experience, or other research ideas, enough, however, when you check to see how others feel about her, you discover that her work defend your recommendations to the CEO. is very highly regarded. You also know that she badly needs a raise. She was recently widowed 5. While the labels show %, you can use a percentage increase or straight and is finding it extremely difficult to support her houschold and her young family of four. dollars if you prefer. Just limit your total to $40,000 without personal \% Harry Hummer. You know Harry personally, and he just seems to squander his money risk or up to $60,000 if you wish to have your bonus at risk - of course continually. He has a fairly easy job assignment, and your view is that he does not do it with the intent of superior performance and all may receive larger particularly well. You are, therefore, quite surprised to find that several of the other new bonuses if the risk was successful, managers think that he is the best of the new group. Listed below are your notes on the performance of eight managers who work for you. Working alone, recommend salary increases for eight managers who have just completed their first year with the company and are now to be considered for their first annual raise. Keep in mind that you may be setting \% Abraham McGowan. Abe is not, as far as you can tell, a good performer. You have checked precedents and that you need to keep salary costs down. However, there are your view with others, and they do not feel that he is effective either. However, you happen to know he has one of the toughest workgroups to manage. His subordinates have low skill levels, no formal company restrictions on the kind of raises you can give. Indicate and the work is dirty and hard. If you lose him, you are not sure whom you could find to the sizes of the raises that you would like to give each manager by writing a replace him. percentage next to each name. % Benjy Berger. Benjy is single and seems to live the life of a carefree bachelor. In general, Here are your initial assumptions: you feel that his job performance is not up to par, and some of his "goofs" are well known to his fellow employees. 1. all of the eight managers entered the company at the same salary, say % Clyde Clod. You consider Clyde to be one of your best subordinates. However, it is obvious $50,000, which gives a total salary expense of $400,000. that other people do not consider him to be an effective manager. Clyde has married a rich 2. Executive management has allowed a salary raise pool of 10 percent of wife, and as far as you know, he does not need additional money. the current salary expenses, then you as the manager have $40,000 to \% David Doodle. You happen to know from your personal relationship with "Doodles" that he give out as raises. badly needs more money because of certain personal problems he is having. As far as you are 3. One final alternative, is that Executive management is supportive of concerned, he also happens to be one of the best of your subordinates. For some reason, your enthusiasm is not shared by your other subordinates, and you have heard them make joking unique opportunities - if they are followed by superior performance. If remarks about his performance. as a leader you had the ability to add an additional $20,000 to the pool, \% Ellie Ellesberg. Ellie has been very successful so far in the tasks she has undertaken. You are with the assumption that if the managers do not meet their goals it will impact your performance evaluation. This could result in a direct particularly impressed by this because she has a hard job. She needs money more than many of the other people, and you are sure that they respect her because of her good performance. reduction of your own performance bonus, up to the $20,000 investment. Would you consider any additional compensation that puts your bonus at % Fred Foster. Fred has turned out to be a very pleasant surprise to you. He has done an excellent job, and it is generally accepted among the others that he is one of the best people at risk? 4. With those criteria in mind, present your recommendations for a salary very much about money and promotion. increase for each manager listed below. Using criteria you have learned % Greta Goslow. Your opinion is that Greta is just not cutting the mustard. Surprisingly in this course to date, personal experience, or other research ideas, enough, however, when you check to see how others feel about her, you discover that her work defend your recommendations to the CEO. is very highly regarded. You also know that she badly needs a raise. She was recently widowed 5. While the labels show %, you can use a percentage increase or straight and is finding it extremely difficult to support her houschold and her young family of four. dollars if you prefer. Just limit your total to $40,000 without personal \% Harry Hummer. You know Harry personally, and he just seems to squander his money risk or up to $60,000 if you wish to have your bonus at risk - of course continually. He has a fairly easy job assignment, and your view is that he does not do it with the intent of superior performance and all may receive larger particularly well. You are, therefore, quite surprised to find that several of the other new bonuses if the risk was successful, managers think that he is the best of the new group
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started