marketing

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Market Evaluation and Compensation Structure
Peter Wang
HRM 531
Nov. 03, 2014
Pamela Jones
Market Evaluation and Compensation Structure
Market Evaluation
Limousine drivers transport travelers and business people to and from residential homes, businesses, hotels, meetings and other functions (Suttle, 2014). They also drive wedding parties to services and receptions. The transportation industry, which includes taxi and limousine drivers, is expected to increase 20 percent between 2010 and 2020, according to the BLS (Bureau Labor of Statistics). However, due to the economy downturn and cutbacks in corporate travel, jobs for limousine drivers is expected to grow at a slower pace (Suttle, 2014). A limousine driver’s salary can vary from $22,770 to $32,160, depending on geographical location of the limousine service and the experience of the driver. According to the BLS, the annual mean wage of a limousine driver in 2013 is approximately $26,730. However, since the cost of living standard in Austin, Tx, is less as it compares to other states around the country such as New York, California, Nevada, etc, the annual mean wage of a limousine driver in 2013 is approximately $22,770. This equates to approximately $10.95 an hour.
Compensation Structure Landslide Limousine
The limousine service labor market is tight, highly sensitive to fluctuations in the economy, and dominated by small, independent operations. When personal leisure and corporate travel are affected by fluctuations in the economy, expenses, including employee payrolls, of limousine services are inherently affected as well. Limousine drivers are considered non-exempt employees and are eligible for overtime pay under the Fair Labor Standards Act. Therefore, limousine compensation structure for the Landslide Limousine service follows the traditional job-based compensation model and it is also recommended also by Atwood and Allen Consulting. Under the traditional job-based...

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