You have been hired by the new CEO of Henderson Printing to make recommendations regarding the company’s compensation system. Read the background information on Henderson Printing on pp. 512–513 of the textbook.
The new CEO tells you that, despite the temporary cash flow problem her father left her, she feels the company can cover its payroll obligations for the next six months. She also tells you that she is not comfortable (a) making significant changes to the production process; (b) laying off any employees; or (c) changing the product line during the next year.
Compensation System Recommendations: Case-Study
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Instructions
Write a 1000-word memo addressing changes in the compensation system that might reduce compensation or other operational costs and/or increase revenue. Your memo must answer the following questions:
What compensation “system” does Henderson Printing currently operate?
What are the core problems that flow from the current compensation system?
What changes to the compensation system would address these problems and, thereby, improve the company’s performance?
Compensation System Recommendations: Case-Study
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You may invent any additional details necessary to complete this case study (e.g., wage rates, employment rates, or job classifications). Please ensure all invented details are plausible.
For detailed instructions on how to compose your memo for this assignment, please review the Writing Memos link found under the Resource heading on the main course page.
