Business Finance Homework Help

Problem Statement –
You have been requested to give an “adjustment” to 28 Machine Operators between 10-15 years of
service. You have researched the root cause of the problem but have not yet presented this to the
Plant Manager or the leadership team.
In your team, answer the following questions:

1) What do you believe has caused the issue with the Machine Operator pay for the 28
employees between 10-15 years of service? List and discuss as many as you can think of.

2) What are the key issues that must be addressed in this problem as you think about
developing your compensation strategy/plan?

3) What should be done prior to taking any actions?

4) What are the key issues regarding internal equity? What are the key issues regarding the
pay structure? Explain each.

5) What competitive market factors affect this company? Why?