You have been hired as a compensation consultant for an up and coming record label. They need to let people go because of overhead costs, but they have all grown up together and worked at the record company for years. They need someone objective to let them know who to let go and why. Note: They have signed several up and coming people, but they need to be able to recruit heavily without the overhead costs of unnecessary staff weighing them down.

Requirements:

• You will not be told the names of the individuals or the performance of the current employees, but just the position and their salaries.
• You need to trim at least $60,000 from the budget, but you need to ensure that the organization must run smoothly.
• If you can make the organization as lean and efficient as possible, you will get $10,000 bonus and a nice write up in the trade journal (which means you get so much more business). Additionally, you get to meet your favorite singer.
• You need to keep the CEO and a manager, but you have flexibility with everyone else. Please note these are all childhood friends so this in an effort to be as objective as possible so people understand.

Ultimate goal: Trim unnecessary personnel and allow this record company to grow for many years to come.

Salaries

Please answer using the following format - Executive Summary

Employee Id Positions 1 CEO 2 Manager 3 Manager 4 Manager 5 Adm (not specificed) 6 Adm (not specificed) 7 Adm (not specificed) 8 Recruiter 9 Recruiter 10 Marketing 11 Marketing Total salary expenses: Salary 1,000,000 60,000 45,000 33,000 30,000 35,000 40,000 70,000 68,000 50,000 51,000 1,482,000 Executive Summary Option 1 Recommendation: Rationale: Option 2 Recommendation: Rationale: Overall Summary Note: Make a strong case for why this is the best option