Human Resources and Compensation

 The company has an executive consisting of a President, VP Finance, VP Marketing, VP Production, VP Human Resources, and VP Information technology.  This executive will be responsible for the management of the company on behalf of its 32 shareholders  (executives are also company shareholders and included in this number).  The company also employs each of the shareholders in various capacities.

 The salary for the executive committee members will be $2/session (one session/program week).  Wages for production workers and sales staff will be $0.50/hour during session time.  If an employee does not attend a session, they do not earn their salary or wage for that session.  Any employee who works overtime to attend a company sales event or extra production meeting will earn $0.50/hour.  We have budgeted 120 overtime hours during the course of the program.

 The following details our wage budget assuming 100% attendance: 

Wage Type	Quantity	# of Sessions	Wage Rate	# of Hours	Wage Budget
Executive	6 members	14	$2.00/session		$168.00
Director	26 members	14	$0.50/hour	2	$364.00
Overtime			$0.50/hour	120	$60.00
Total Budget					$592.00

 In addition, direct personal sales by employees (including executive staff) will receive ten percent of the sales price in commission. 

Staff will be trained for the various roles they will fulfill in the company.  The production of the product will mostly involve manual labour with limited skill requirements and little training (all production will be supervised by the VP Production).   Additional roles will include sales and management (executive staff).    The VP Marketing will offer sales training internally.  Management training will be conducted externally at a Junior Achievement training session.  Additional training will be conducted as needed internally.

 An attendance goal of 85% has been established.  The VP of Human Resources will be responsible for employee motivation, attendance records, and payroll.  An employee’s attendance will be a factor considered when the company decides on the representatives sent to the Junior Achievement Atlantic Conference in St. John’s, Newfoundland in the spring.  

 The VP Human Resources will also act as the corporate secretary (i.e. maintaining shareholder list and share sales).  During capitalization of Floral Ink, 32 shares were sold at a par value of $5/share ($160 equity financing).