Calculating Employee Incentives
Business Finance
Assignment #2: Calculating Employee Incentives
Background
You are the Compensation Analyst for Alpine Valley Skis. Your company manufactures skis that are sold at various retail stores throughout the United States.
You have five (5) full-time employees who work on the production line fabricating skis. As a way to incentivize them to be more productive the company has initiated an Incentive Plan.
The incentive plan is based on producing high quality skis that pass all safety and quality tests on a weekly basis. The payouts vary per person based on the amount of quality skis they produce each week.
|
Quality Skis Produced |
Weekly Payout Amount |
|
0 – 20 |
$0.00 |
|
21 – 30 |
$200.00 |
|
31 – 40 |
$350.00 |
|
41 – 50 |
$500.00 |
|
> 50 |
$800.00 |
In order for a weekly payout to occur a minimum amount of 150 quality skis must be achieved by the group as a whole. If they do not produce at least 150 quality skis in a week, then no one receives an incentive payout that week.
Instructions
Use the data below for the last five weeks to determine the total incentive payouts for the five employees in the incentive plan.
|
Dominick Johnson |
Megan Henry |
|||
|
Week |
Quality Skis Produced |
Week |
Quality Skis Produced |
|
|
1 |
27 |
1 |
32 |
|
|
2 |
15 |
2 |
25 |
|
|
3 |
30 |
3 |
42 |
|
|
4 |
24 |
4 |
47 |
|
|
5 |
42 |
5 |
51 |
|
|
Patrick Boyd |
John Florence |
|||
|
Week |
Quality Skis Produced |
Week |
Quality Skis Produced |
|
|
1 |
39 |
1 |
35 |
|
|
2 |
31 |
2 |
34 |
|
|
3 |
17 |
3 |
24 |
|
|
4 |
29 |
4 |
34 |
|
|
5 |
32 |
5 |
48 |
|
|
Vincent Pounds |
||||
|
Week |
Quality Skis Produced |
|||
|
1 |
35 |
|||
|
2 |
38 |
|||
|
3 |
37 |
|||
|
4 |
42 |
|||
|
5 |
48 |
|||
Upload the final payout amounts and how you determined those payouts to Blackboard via the Assignment #2 Submission link below. Please be specific in your explanation of how you determined the appropriate payouts for each employee.
