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Business Research Report
Compensation Systems

Assessment Code: RWT1
Student Name: Diane Smith
Student ID: 337372
Date: October 7, 2013
Mentor Name: Christina Wright

Table of Contents
Executive Summary 3
Introduction 4
Research Findings 5
Finding Number 1 5
Finding Number 2 6
Finding Number 3 7
Recommendations 8
Conclusion 9
References 10

Executive Summary Compensation represents monetary pay for performance. It is a very important component to our manufacturing company’s Human Resource system. Our 120 employees are the heart of our business. We depend on their knowledge to help our company reach its goals. Therefore, we researched a variety of compensation strategies, which you will read below, that have helped us develop a compensation system that will motivate, encourage, retain and reward employees. There is no perfect system. Not all systems fit all businesses. The idea that pay policies have strategic impact has become a major theme within the compensation literature since the mid-1980’s…analysis reveals that inferior organizational performance is associated with the lack of fit between pay policy and business strategy.” (Montemayor, 1996, p889). But through careful investigation we have found two systems we believe will work well in our company. Through our research, three compensation systems really stood out. We will discuss Merit Based Pay, Salary Plus Commission and end with Salary Plus Bonus. This report outlines our research findings as well as an analysis of the findings. We have discussed the advantages and disadvantages of each system.
Then, you will read our recommendations on implementing our choices. In our recommendation section will provide 3, 6 and 9 month goals leading up to full implementation of our new compensation system.

Introduction We are an organization that employs 120...

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