Essay about Bus 409
BUS409 –Compensation Management
May 2, 2013
This paper was developed under the scenario of choosing the name of a publicly traded company for that would be interesting for an employee to work and then analyzing and explaining the company, its compensation strategy, best practices the company is applying, and compensation-related challenges the company is facing. The paper will also analyze how the company applies compensation practice to determine the positive or negative impact to the company and its stakeholders; and the ways in which laws, labor unions, and market factors impact the company’s compensation practices. The company chosen was Chic-fil-a.
Analysis …show more content…
Incentive based and focused-person compensation is believed to be the key to continued growth within an organization. 15%-35% incentives are cash based meaning companies give their lead executives bonuses or commission checks. Chic-fil-a is notorious for this. If you franchise a Chic-fil-a you will get a commission check every 6 months and bonus check every year just for being part of the Chic-fil-a franchise, added to that you can’t have any other business ventures and is 100% dedicated to