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Week 5 Midterm Assignment

Week 5 Midterm Assignment

Q Please complete the following assignment: You are starting a small business that will employ at least five different jobs initially. Decide on what type of business you are starting (write a sentence or two describing the business), where the business will be located, and the jobs you will need to fill to start your business. Once you have decided on the type of business and jobs, develop one or two paragraphs outlining the duties of each of the five positions and determine a salary or wage rate for each job. Your assignment should include the following: •??????????At least five different short descriptions of the jobs in your business; •?????????A salary or wage range for each job; •?????????A justification for setting the salary or wage ranges; and •?????????Citations for the resources used to gather salary or other information. Please do not download job descriptions from the internet. Make sure your recommendations make sense. You may find conflicting salary information in your research.

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I am starting a retail business in which there will be retail products sold. There will be requirement of a Human Resource Manager, an Operations Manager, Administration Manager, Housekeeping Manager, and Customer Relationship Manager. The duty of the HR manager will be to ensure that payrolls are processed, salaries of organizational members are determined, team-meetings are conducted, cost-cutting measures are taken, and negotiation is done with employees. The salary for the HR manager will be fixed at $7000. This is because there will be lower number of employees to manage compared to a large business organization (Kaufman et al., 2020).