professional compensation project slideshow

15
Establishing Gainesville’s Premier Dance Studio Gator Dance

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Professionally designed spreadsheet outlining a prospective company\'s mission, values, and compensation plan. Created Feb 2010 for a class in the University of Florida MS-ISOM program.

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Page 1: Professional Compensation Project Slideshow

Establishing Gainesville’sPremier Dance Studio

Gator Dance

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Our Mission

Gator Dance strives to be Gainesville’s premier dance studio. We pride ourselves on being

family friendly, endlessly creative, and having a safe and fun environment for our students to

learn the fundamentals of dance.

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Our Focus• Values– Family Friendly Atmosphere– Creativity– Safety– Fun Learning Environment

• Goals– Establish studio’s brand– Have competitive team reach Nationals

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Business Strategy: Marketing• Families with young children– Foster relationships for long-term learning

• Students from the University of Florida– Target those taking dance courses– Build upon classroom instruction– Encourage long-term learning

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Business Strategy: Legal• Non-discrimination Policy– Hiring– Wage– Advancement

• Equal Opportunity Employer

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JOB ANALYSISInternal Alignment

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Job Analysis: Owner & General ManagerJob Description• Oversee all business and personnel decisions• Manage active dance projects.• Act as additional dance instructor

K: Dance Industry, BusinessS: Interpersonal, BudgetingA: Creativity, Critical Analysis, Self-motivating, DecisiveO: Well-rounded, Multitasking, Self-supervising

Mission Fit• Uphold Company Mission and Values• Foster Learning Environment

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Job Analysis: Dance Instructor (3)Job Description• Run Dance Classes & Choreograph Performance Routines• Report to General Manager

K: Dance IndustryS: Interpersonal, Leadership, Teaching, CommunicationA: Creativity, Self-motivating, Time ManagementO: Well-rounded, Multitasking

Mission Fit• Instructors are Company's Face• Foster Friendly Environment• Effectively Teach Material

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COMPENSATION POLICY

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Job EvaluationCompensate for both Job and Skill• Base Pay relative to skill and experience

Compensable Factors• Class Size, Competition Performance, Experience,

Customer Reviews

General Manager Pay Structure• Salary• Incentive Pay for Instructor Responsibilities

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External AlignmentMarket Wage & Bonus• Instructors

– Experience Dependant Hourly Wage; Median $13– High supply of instructors, low job demand

• Owner/Manager Pay Varies by Company Preference

Our Pay Policy• Manager

– $15/hr; Roughly $31,000 Annually: Living Wage– Profit Sharing Incentivizes Company Success

• Instructors: $13/hr + .25/hr * Experience– Annual Raise: .25/hr min

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Motivate Employees• High Base Salary and Raises encourage

employees to remain with the company– Multiple years with same instructor ideal

• $5 to instructor for each returning student

• $50 Managerial Success Award– Managers more Actively Involved– Encourages Instructor Success

• Unknown Reward Timeline Encourages Constant Diligence

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Incentive PayIncrease Compensation for Full Classes• 75% Full Class: $1/hr• 100% Full Class: $2/hr

How does it Motivate?• Encourages Instructors to be Fun and Creative– Attracts and Retains Students

• Competition Success Creates Brand Awareness

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Non-Monetary Rewards & Benefits"Master Classes" with Leading Dance Instructors• Attendance Fees Paid by Studio• Furthers Instructor Knowledge and Creativity

Scheduling Benefits• Senior Instructors Set Schedules First

Health Benefits for All Employees• Fosters Familial Relationship in Company

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FIN