West Marine, Inc. is the leading distributor of marine supplies to recreational boaters, and the largest and most profitable boat supply chain in the nation. West Marine inventories include the supplies for sailboats, powerboats, recreational boating supplies, sporting goods, and sophisticated navigational equipment. The company was founded in Palo Alto in 1975 by Randolph Repass, A former engineer with a love of boating and a vision for a customer-friendly, product-heavy marine supply store (West Marine 2016). Randolph Repass saw an opportunity to improve the way people shopped for boating as he begin his largest boating supply retailer in his garage. According to Mr. Repass, he was frustrated by the experience of shopping in local chandleries
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West Marine thinks that each employee’s skill makes a real difference in their company. Winning skippers want as much input from the crew as they can get. And once the skipper choses a course, each member of the crew contributes their special skills and works together to eke out every possible bit of speed from the boat (Company History 2003). The company values their employees, which is why they offer Seniority pay and employee benefit for all their employees. The employees also get Section 401(k) Plan and the associates stock purchase plan through their hard work for the company. West Marine compensation strategy, goals and objectives to ensure that the company’s compensation program attract and retain high performing employees, align the interests of the company’s employees with the interests of its Stockholders, Designed to encourage high performances and are appropriately balanced and do not create incentives or risk with respect to individual or collective behavior that have material adverse effect on the company (West Marine 2016). West marine Treat their employees with respect and offer a lot of benefit for those that want to work with them but in return, they also have high expectation of their employees. The employees must have knowledge about boat equipment and …show more content…
As result, they might have to change some benefit or add some benefit obey with the countries laws. Puerto Rico compensation policies are different than the one in the United States such as the minimum wages, working hours, overtime and day off. For example, the youth labor laws in the U.S. are designed to protect you from unsafe and inappropriate work experiences and to ensure that your job doesn’t interfere with your schooling. But in Puerto Rico they don’t have the Youth Labor laws to protect the children working condition, and such the company can hired underage worker if necessary.
The Labor Unions have impact on West Marine Compensation Practice on the lives of many West Marine employees whether they are non-union or unionize. The Labor Unions allow the employees to have some bargaining chips to compete with their employer. It will greatly impact their wages, overtime pay or total compensation of the employee. For example, if Johnny who work at full time at West Marine in California. Currently he only gets pay 12 dollars an hours but if he forms Labor Unions to advocate better salaries, he would have a better change to increase the entire full- time employee at West Marine
West Marine thinks that each employee’s skill makes a real difference in their company. Winning skippers want as much input from the crew as they can get. And once the skipper choses a course, each member of the crew contributes their special skills and works together to eke out every possible bit of speed from the boat (Company History 2003). The company values their employees, which is why they offer Seniority pay and employee benefit for all their employees. The employees also get Section 401(k) Plan and the associates stock purchase plan through their hard work for the company. West Marine compensation strategy, goals and objectives to ensure that the company’s compensation program attract and retain high performing employees, align the interests of the company’s employees with the interests of its Stockholders, Designed to encourage high performances and are appropriately balanced and do not create incentives or risk with respect to individual or collective behavior that have material adverse effect on the company (West Marine 2016). West marine Treat their employees with respect and offer a lot of benefit for those that want to work with them but in return, they also have high expectation of their employees. The employees must have knowledge about boat equipment and …show more content…
As result, they might have to change some benefit or add some benefit obey with the countries laws. Puerto Rico compensation policies are different than the one in the United States such as the minimum wages, working hours, overtime and day off. For example, the youth labor laws in the U.S. are designed to protect you from unsafe and inappropriate work experiences and to ensure that your job doesn’t interfere with your schooling. But in Puerto Rico they don’t have the Youth Labor laws to protect the children working condition, and such the company can hired underage worker if necessary.
The Labor Unions have impact on West Marine Compensation Practice on the lives of many West Marine employees whether they are non-union or unionize. The Labor Unions allow the employees to have some bargaining chips to compete with their employer. It will greatly impact their wages, overtime pay or total compensation of the employee. For example, if Johnny who work at full time at West Marine in California. Currently he only gets pay 12 dollars an hours but if he forms Labor Unions to advocate better salaries, he would have a better change to increase the entire full- time employee at West Marine