Question

Evaluate Gulf States Toyota's compensation plan to determine how it can be improved.

Answer 1

The Gulf States Toyota's Compensation is very good when compared to the market standards.

1. They have a very nice basic pay component to all the employees who are working with them.
2. They have a comprehensive health insurance cover for all the employees.
3. Also they have a dental plan in place to supplement the health insurance plans
4. They have good bonus programs in place for all the workers.
5. They have also provide discounted Toyota vehicles for the employees.
6. A shop floor manager's starting pay is around $90,000 and $500 extra payment is being done for working on a Saturday

Above mentioned are the benefits that the employees get at Toyota. But there are certain things that could be improved, as follows:

1. The company is a good pay master, but the work life balance of the employees are not so great. The company could do something very appreciative that could increase the work life balance of the employees.
2. The overtime work that they thrust upon the employees could be make optional. It is upto the employee to work overtime. Mandatory overtime work must be removed.
3. Some of the employees within the organization feel that the management is racist in nature. Certain steps could be made on the part of the management to make the employees feel that the management is not racist in nature.
4. The vertical growth within the organization is very limited. The management could improve the scope for internal promotions within the organization.