(Answered) Compensation strategy question suppose you are managing a

Management Studies

Compensation Strategy question: Suppose you are managing a new 100 seat fine dining restaurant in Toronto.What would be you compensation strategy in terms of matching, leading or lagging the market. Should the restaurant match, lead or lag?

Base pay - 50%, 10% over market price

Performance Pay - 30%

Indirect Pay - 20%

Restaurant is practicing a classical managerial style with high emphasis on tasks.

Thank you so much.

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