Consider the Job Description for chef in McDonald restaurant. Using material from the textbook and any other sources, determine what a suitable compensation or salary level you should assign if you had the power to determine this. Your answer should incorporate the following:

You will need to conduct surveys of salaries for similar positions (Any three positions in McDonalds restaurants). You do this by determining what other similar organizations are paying for a similar role. There are several ways to do this. You can go on job sites or survey similar jobs in companies that are the same. Make sure to consider location, industry, and other factors that influence salary. Do not use American salaries.

Does your organization want to pay at the low, midpoint, or high end of the salary range, which in the compensation industry is often represented as a percentile. For example, the organization may choose to pay at the midpoint or the 50th percentile.

Are there any special aspects of the position that require you to adjust the salary level?

Please note that the question is not asking you to report how much your position pays, but what you would pay, based on what you have learned, and why.

Part C: Benefits Package (25 marks)

Using material from the textbook and any other sources as supplementary to the textbook and module), design a suitable benefits package for the position. Your answer should incorporate the following:

What are the benefits and rewards would you offer this person? What are these benefits (i.e., provide a brief description of what each offers) and, What is the reason for this package?

Which benefits will be optional or mandatory (i.e., which will employees be able to opt out of and which they will not)?

What is your budget for employee benefits? Here you will need to do a bit of research to assess the cost.