Ed has decided that he would like to restructure how he pays his employees. Big Ed’s Motorcycle Shop has the following types of employees:
- Office Manager/Bookkeeper
He currently pays all of his employees a salary, and they are paid every other week. Ed would like to be able to offer some type of incentive pay.
Conduct research to locate some alternative methods of pay structure for Big Ed’s. Prepare a memo to Ed Silver that identifies a minimum of one alternative pay structure for each type of employee. Provide a thorough description as well as an example (calculation) for each type.
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must be in Memo format