Essentials of Contemporary Management 7th Edition by Gareth Jones,Jennifer George

Exercise 18

Building a Human Resource Management System
Form groups of three or four people, and appoint one group member as the spokesperson who will communicate your findings to the class when called on by the instructor. Then discuss the following scenario:
You and your three partners are engineers who minored in business at college and have decided to start a consulting business. Your goal is to provide manufacturing process engineering and other engineering services to large and small organizations. You forecast that there will be an increased use of outsourcing for these activities. You discussed with managers in several large organizations the services you plan to offer, and they expressed considerable interest. You have secured funding to start your business and now are building the HRM system. Your human resource planning suggests that you need to hire between five and eight experienced engineers with good communication skills, two clerical/secretarial workers, and two MBAs who between them have financial, accounting, and human resource skills. You are striving to develop your human resources in a way that will enable your new business to prosper.
Describe the pay level and pay structure of your consulting firm.