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Establishing compensation system for home cleaning inc

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1. Home Cleaning Inc., a mid-sized home cleaning services firm, located in Mississauga, Ontario, wants to ensure that its pay systems are internally fair and externally competitive in the labour market. The CEO, who believes the organization's compensation system can help it achieve its goals, has hired you to re-design the base pay for four key jobs in the organization: Customer Service Manager, Senior Customer Service Representative, Junior Customer Service Representative, and telephone receptionist. The firm has about 50 employees hired in these four jobs.

Using a point-method job evaluation system, discuss how you would go about establishing a compensation (base pay) system for Home Cleaning Inc. The process should ensure internal and external equity.

2. Home Cleaning Inc. wants to implement a pay system that will reward its employees with extra income when the firm does well financially. The CEO has been informed that there are profit-sharing plans that can be used. As a compensation expert, explain to the CEO two different types of profit-sharing plans that can be used. Furthermore, discuss four key issues that Home Cleaning needs to consider in designing profit-sharing plans in general

3. Following your advice, Home Cleaning Inc. implemented a profit-sharing plan. It is now one year since it was implemented. Discuss three ways in which the firm can evaluate its impact.

Reference no: EM133097301

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