Results of the Fit Stop Compensation Survey: Physiotherapist
Company
Minimum Base Pay
Base Pay Midpoint
Maximum Base Pay
Mean Base Pay
Mean Performance Pay (10% of Mean Base Pay)
Mean Indirect Pay (20% of Mean Base Pay)
Mean Total Compensation
A
$47,799
$69,301
$90,804
$69,301
$6,930
$13,860
$90,091
B
$65,000
$70,000
$75,000
$70,000
$7,000
$14,000
$91,000
C
$71,481
$84,321
$97,162
$84,321
$8,432
$16,864
$109,617
Average
$61,426
$74,540
$87,655
$74,540
$7,454
$14,908
$95,902
Company A
(n.d.) Pay scale human capital. Physiotherapist salary canada. Retrieved from http:// http://www.payscale.com/research/CA/Job=Physiotherapist/Hourly_Rate
Company B
(n.d.) Living in canada. Average physiotherapist …show more content…
Base Pay Options Low (per hour) Average (per hour) High (per hour)
Pay for knowledge $19.80 $38.54 $57.29 Market Pricing $23.43 $46.87 $70.31
According to the job responsibilities of the sales manager(supervision, management and monitoring of sales staff), we would recommend that Susan uses the above pay structure to decide on how she will compensate her sales manager based on the base pay options above in the short and long term. She could start with the lowest pay and later increase with time if their responsibilities diversify and become greater. Performance Pay Low (5%/yr) Average (10%/yr) High (20%/yr) Special Incentives $1,900 $7,400 $22,000 Stock Plan $2,250 $9,000 …show more content…
Recommended Performance Appraisal System and Process for the Fit Stop
According to the nature of the Fit Stop’s business we decided that the best option for appraising employees would be the graphic rating scale system which is the most widely used performance appraisal method to date. We would firstly select a number of traits we judge relevant to job performance in the Fit Stop which would include responsibility, quality and quantity of work performed as well as cooperation with others. (Long, 2013)
We would then ask the sales manager to rate employees on the extent to which they possess each characteristic and evaluate the outcome. The ratings would be done in writing and additional comments could be added to support their ratings since these comments are especially useful for feedback purposes and justification of the ratings. We would emphasize that the sales manager depend on his/her own judgment to define both the characteristics being rated and the performance level. (Long,
Company
Minimum Base Pay
Base Pay Midpoint
Maximum Base Pay
Mean Base Pay
Mean Performance Pay (10% of Mean Base Pay)
Mean Indirect Pay (20% of Mean Base Pay)
Mean Total Compensation
A
$47,799
$69,301
$90,804
$69,301
$6,930
$13,860
$90,091
B
$65,000
$70,000
$75,000
$70,000
$7,000
$14,000
$91,000
C
$71,481
$84,321
$97,162
$84,321
$8,432
$16,864
$109,617
Average
$61,426
$74,540
$87,655
$74,540
$7,454
$14,908
$95,902
Company A
(n.d.) Pay scale human capital. Physiotherapist salary canada. Retrieved from http:// http://www.payscale.com/research/CA/Job=Physiotherapist/Hourly_Rate
Company B
(n.d.) Living in canada. Average physiotherapist …show more content…
Base Pay Options Low (per hour) Average (per hour) High (per hour)
Pay for knowledge $19.80 $38.54 $57.29 Market Pricing $23.43 $46.87 $70.31
According to the job responsibilities of the sales manager(supervision, management and monitoring of sales staff), we would recommend that Susan uses the above pay structure to decide on how she will compensate her sales manager based on the base pay options above in the short and long term. She could start with the lowest pay and later increase with time if their responsibilities diversify and become greater. Performance Pay Low (5%/yr) Average (10%/yr) High (20%/yr) Special Incentives $1,900 $7,400 $22,000 Stock Plan $2,250 $9,000 …show more content…
Recommended Performance Appraisal System and Process for the Fit Stop
According to the nature of the Fit Stop’s business we decided that the best option for appraising employees would be the graphic rating scale system which is the most widely used performance appraisal method to date. We would firstly select a number of traits we judge relevant to job performance in the Fit Stop which would include responsibility, quality and quantity of work performed as well as cooperation with others. (Long, 2013)
We would then ask the sales manager to rate employees on the extent to which they possess each characteristic and evaluate the outcome. The ratings would be done in writing and additional comments could be added to support their ratings since these comments are especially useful for feedback purposes and justification of the ratings. We would emphasize that the sales manager depend on his/her own judgment to define both the characteristics being rated and the performance level. (Long,