In your first post please address the following:
- Why is it important for pay to be externally fair?
- Why is it important for pay to be internally fair?
- What should Costa Vida’s compensation strategy look like?
- What should the pay structure look like? What pay mix would you recommend?
- How should Nathan communicate a new compensation strategy to his franchise owners and managers?
- What effect will paying higher wages have on Costa Vida in the short term? What effect will it have in the long term? Explain.
Sample Solution