Name Your Price Essay

title Your Price Compensation Negotiation upstanding Health focal point Group 6 Abhisek Jha 10PGHR04 Annesha Pramanik 10PGHR08 Kunal Dayani 10PGHR21 Priyanka Gupta 10PGHR30 Ria Ghosh 10PGHR42 Tanu Mehta 10PGHR51Base SalaryStatus $hundred thousand per year paid semi periodic former Since Whole Health Management is a mid cap follow and it wishes to pay competitive package at HBS , we have chosen median group salary of health sector from certify 6. Also, since the CEO, Jim Hummer is willing mentor and offer a lot of challenging opportunities to Munroe, which he might not get anywhere else so he would be officious to compromise with the monetary benefits and not engage 75% anchor salary declension optionsStock options Options to purchase 10000 shares at $2.7 per share according to vesting schedule Reason It is the standard rectitude plan for inpouring executives Also since, Jim mentioned in shew 2, that the confederation might grow 3 folds by year end 2006, Munroe wo uld want to embellish in the firms equity And Jim also mentioned that the organic growth dodging may generate many opportunities for Munroe, organism in a leadership contribution he would like to have much stake in the company indemnityBonus Up to $30000 plantd on agreed upon goals Reason- Since the median total additive compensation attached in exhibit 6 is 30% of the median base salaryThe agreed upon goals would ascribe to 3 roles specified Manage client relationships and contracts Goals a) fictionalize business from existing clients of the three contracts given to Munroe b) Customer satisfaction Index 90% Grow existing client contracts Goals a) accession revenue ( existing-$10M to $12M) from the contract that he is managing by 15% Develop new client business Goals a) Expand the client base and get 2 more contracts with have worth of atleast $4MNOTE The bonus of $30000 is pro rata divided on all goals with all(prenominal) role carrying equal weightageRelocation leewayRelocation Allowance $10000 to move to Cleveland additional allowance to be laid for any future relocations Reason From earnings cost of living comparison calculators we engraft that even with a 30% drop-off in Munroes salary, he could exert his standard of living in Cleveland as it is a less expensive metropolis as compared to Boston. Thus we have allocated a nominal amount of $10000 towards movers and packers charges acknowledgment for cost of living comparison http//www.bankrate.com/calculators/savings/moving-costof-living-calculator.aspx act Education Stipend and Dues & LicensuresContinuing Education Stipend 70% of tutorship fee for further education, if approved Dues and Licensures Sponsor(100%) the certifications and some other dues and licensures in futureTHANK YOU