question archive Denton Fabricators is a subsidiary plant owned by National Products, Inc
Subject:FinancePrice: Bought3
Denton Fabricators is a subsidiary plant owned by National Products, Inc. As is the case at all National Products subsidiaries, Denton Fabricators is allowed to operate as an independent profit center. This means, among other things, that Denton Fabricators sets its own pay policies and programs. Denton employs about 350 employees, mostly in the fabrication and production units. To support the business, there is an accounting department staff of 13 including the department manager, three unit managers, and nine nonexempt employees. There are four non-management jobs in the department: accountants (two positions), senior accounting clerks (two positions), bookkeepers (three positions), and bookkeeper assistants (two positions). The two employees in the accountant positions were recruited out of college, and the remaining employees in the unit typically started as bookkeeper assistants, then worked up to bookkeepers and eventually to the senior accounting clerk job.Denton Fabricators has been under the same budgetary constraints as the other subsidiaries in National Products. As a result, there have been no changes to Denton's salary levels for over 3 years. Over the past 2 years, Denton has experienced increased levels of turnover throughout the company, including in accounting. You have been given the assignment of reviewing the salary levels for the four positions in the accounting area. You are to make recommendations for any changes to Denton's salary program for these four positions and/or any individuals in those positions. Estimate the effects these changes would have on employees. To that end, you have been provided the following information: 1. Make a staffing and compensation chart which includes recent data from a salary survey of your labor market. 2. The corporate compensation philosophy.