After a few years of selling new cars, you managed to get the funding to start your own small new car dealership as a sole proprietorship

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After a few years of selling new cars, you managed to get the funding to start your own small new car dealership as a sole proprietorship. Your starting staffing of 10 employees (plus yourself) will be as follows:

• You are the owner manager and will oversee everything. You will also be the sales manager and do some selling.
• Sales staff - there are three people reporting directly to you.
• Service and parts manager - you will have one person supervise the mechanics and detailer.
• Mechanics - three mechanics to work on the cars
• Detailer - one person to clean the cars, help out the mechanics, and work in the parts department.
• Office staff - two people to answer phones, greet customers, make up the bills and collect money from sales and service, and do other paperwork including bookkeeping. They will report to you.

Answer the following questions as you work to design the pay structure for this dealership:

1. Compensation Type for each classification of employee - (wage, salary, or incentive pay--commissions, piecework, or standard hour) You need to include yourself as owner/manager as well.
2. Incentives and other nonmonetary incentives provided to each classification of employee, including yourself. (merit pay, bonuses, profit sharing, gainsharing, ESOPs, stock options, and/or stock purchase plans) Think about these and remember your car dealership is a sole proprietorship.
3. Benefit Plan Offerings

Use this format as you respond to these three questions:

•  
  • using table in  Word document
  • The columns should include Employee Classification - Compensation Type Offered - Incentives Offered - Benefit Plan Offerings
  • Do not include a dollar amount in the Compensation Type Offered column - Choose the type of compensation from that listed in #1 of the assignment.
  • In the Incentives Offered column be sure to not only include selections from that provided in #2 of the assignment but also the type of Health Insurance plan and the type of Retirement plan you are offering to the employees
  • In the Benefit Plan Offerings column provide a list of benefit options you are providing to your employees, if any - Note that we do not include the mandatory benefit offerings in such a plan as those are required by law.