Develop a pay plan for any TWO of the following occupations. To do so, complete the following tasks:
Indicate the percentage of pay that will originate from a base salary, commission, and/or piece rate pay.
Indicate whether individuals will be eligible for a financial incentive (e.g., lump-sum bonuses, merit raises, stock options)—and what the parameters of this incentive would be.
Indicate if non-financial methods will be used for the pay plan (and what these will be).
Job #1: Car Salesman/Saleswoman
Job #2: CEO
Job # 3: Entry Level Business professional (e.g., financial analyst, accountant, HR professional)
Job #4: Factory Worker at an Automotive Plant