Scenario 9.2
Calendar "R" Us Ltd. is a small firm that manufactures yearly calendars with a specific focus on middle and high schools in Alberta. They started operations back in 2006 with just 12 employees, two machines, and a small warehouse that served as an office and production and storage facilities. Today, Calendar "R" Us has roughly 60 employees and supplies its calendars to most middle and high schools in Alberta. When employees join they are paid based on their relationship with the owners. Given the rapid growth in its staff complement, and the arbitrary way in which it normally compensates employees, payroll has proven to be quite a challenge for the company as management looks to expand into other provinces.
-Refer to Scenario 9.2. Which of the following is a useful and cost-effective way for Calendar 'R" Us to find information on wage and salary trends in similar industries?
A) develop in-house surveys
B) use surveys done by provincial governments and boards of trade
C) purchase surveys done with global organizations
D) set wages based on ability to pay only

Question

Quizplus · Accepted Answer

Using surveys done by provincial governments and boards of trade would be a useful and cost-effective way for Calendar "R" Us to find information on wage and salary trends in similar industries. These organizations can provide reliable data on compensation practices in the industry, which can help the company establish fair and competitive wages for its employees. Developing in-house surveys or purchasing surveys done by global organizations would be more expensive and time-consuming, and may not provide relevant information for the local industry. Setting wages based on ability to pay only would not be a fair or sustainable practice for the company or its employees.

Scenario 9.2 Calendar "R" Us Ltd. Is a Small Firm That Manufactures