Using point form, write a brief description of the organization, its employees, and its challenges. What is the organization's domain? (10 points needed)
* The Fit Stop is a new franchise opening in four months. * The Fit Stop will sell all types of training, fitness conditioning and exercise equipment to the general public * The Fit Stop plans to specialize beyond equipment to provide customers with personalized advice geared to customer’s specific training/conditioning needs * It will be starting out with stores in major cities in Ontario and in four western provinces – with plans of expanding to Quebec …show more content…
What should the goals be for their compensation system (that is, what does the organization want and what do they need employees to do)? (Hint: see p. 12 Notebook 1.1.) What two questions will have to be answered when deciding on a compensation strategy? (5 points)
The Fit Stop’s goals for the compensation system should begin by first identifying the desired outcomes for the organization: * The Fit Stop wants to sell a wide range of training, fitness conditioning and exercise equipment to equipment to the general public. * The Fit Stop wants to specialize in this equipment and to provide customers with personalized advice geared to a customers’ specific training or conditioning needs, not available through their competition.
To accomplish this “The Fit Stop’s” reward and compensation system must: * Promote achievement of Fit Stop’s goals: * It must add the most value to the organization, after considering all its costs * Support the organizations strategy and structure * The Fit Stop needs to attract and retain highly qualified employees for each store * The Fit Stop needs to promote employee desired behaviors: * Employees must be highly motivated, trained and knowledgeable with strong customer services