Running Head Job Compensation And Mixes Executive Summary ✓ Solved

Running Head Job Compensation And Mixes1executive Summaryjob

The paper discusses the company profile for the e-sonic Company, which falls under the Computer Manufacturing industry. It further details several factors that impact its businesses externally. Some of the factors discussed are competition, innovation, technological change, the impacts of international piracy, and human resources. The paper compares the various compensation strategies for leading companies like Amazon and eBay. It proposes that the e-Sonic Company can overcome the external obstacles through the right job mixes and good pay for its employees.

E-Sonic is a company located in Rosh Haayin, Israel. It is part of the computer manufacturing industry. It has a total of 25 employees across all its locations. The Company generates revenue of about three million in sales. It falls under the computer manufacturing industry and deals with electronic computer system software development.

The study aims to look at all the marketing conditions externally and develop a compensation program for all the employees who work within the Company. External factors have tangible impacts on the compensation strategy at the Company. The online music industries have been affected by numerous challenges, including illegal music downloads and international piracy, which has forced the e-music company's profit to decline. Also, innovation has been defining for the online music industries. Companies like Amazon have been able to expand their market share solely because of their innovative strategies.

Competitiveness in the e-music industry has rapidly increased. Some of the prominent industry companies are Amazon, iTunes, Dell, and eBay. Competition in the e-music sector has increased due to the reduction in the cost of retailing physical music devices such as the Discs. Overall, when the internet is used correctly, it allows the companies to reduce the physical retailing cost of the physical music media.

In realizing the many profits that come with online music sales, the industry's leading companies have launched several strategies to attract consumers to their companies. Competition has been fueled by the e-music giant companies like Amazon and all small companies like Napster. With increasing technological developments, some companies can readily acquire computers and other technological devices at relatively low prices. Such companies have affected the market because they offer downloads of music to customers freely. The free download has been a challenge to e-Sonic Company since it has primarily intensified competition.

Since the 1990s, technology has rapidly evolved, and contemporarily, there are new products in the market that support the e-music industry. For instance, many people around the world have smartphones that can connect to the network, unlike before. The e-sonic Company needs to tap into the market through various favorable marketing strategies to utilize the expanded market. Internet connectivity around the world has also been increased, which implies that most people can now connect to the internet and purchase e-music.

Innovation is another key that drives success for the e-music industry. The success of e-music depends on how much the companies give to consumers during business transactions. For instance, in 2018, Amazon music launched innovative Alexa features. The available voice feature is found only on Amazon Prime music in its mobile app and Echo family devices.

Moreover, another external factor that affects the e-music industry is the focus on specialization. Focus helps the Company to serve a small segment efficiently and effectively. For instance, if the e-Sonic Company focuses on providing music in high demand by the youth, it could give very efficient and effective music experiences for the youth.

The main external factor affecting the success of e-sonic is international piracy and illegal music download. Global piracy is robbery or access of online music without authorization from the Company. Therefore, some people have accessed e-Sonic online music without payment, making the Company operate at a loss. Online companies earn profits when clients pay for music downloads. However, if they do not pay for the download, the online music industry's sales revenue decreases.

Human resource is another essential element that defines the success of e-music industries. The employees have to be fully skilled in the industry to offer quality service to customers and drive innovation. The human resource has to be motivated through good pays. Compensating Employees at E-Sonic requires analysis of human resource and their compensations in the standout companies in the same industry.

A good employer is willing to compensate the employees for their excellent work at the Company. Therefore, e-sonic Company needs to raise the annual pay for its employees to match those of other industry companies. Introducing pay rises will positively impact the competitiveness of the e-Sonic Company.

Paper For Above Instructions

This paper focuses on the compensation strategies of the e-Sonic Company, analyzing external factors that influence its compensation policies. This analysis draws comparisons with industry giants such as Amazon and eBay to uncover effective compensation strategies that could enhance e-Sonic's competitiveness, drive innovation, and ultimately lead to market expansion.

In the context of the Computer Manufacturing industry, e-Sonic resides within a highly competitive landscape characterized by rapid technological change. Companies like Amazon and eBay have redefined compensation structures to attract and retain talented employees. By understanding how these companies navigate external challenges such as competition and innovation, e-Sonic can strategize effectively. E-Sonic must also consider technological advancements, which have made digital music more accessible. The proliferation of smartphones and improved internet connectivity have revolutionized how music is consumed, yielding opportunities for e-Sonic to re-engage with its market.

The competition in the e-music industry stems from not only giants like Amazon and eBay but also emerging small businesses that take advantage of lower operating costs to provide free music downloads. For e-Sonic Company, differentiating itself through unique offerings is key. This suggests that developing a niche in the market—whether through genre-specific music offerings or curated playlists—could bolster customer loyalty despite the predatory pricing strategies encountered.

Innovation remains a cornerstone of success for e-music companies. The introduction of Amazon Music’s voice capabilities showcases how technological innovations can provide a competitive edge. E-Sonic, therefore, needs to incorporate technological advancements into its operational framework to meet the evolving needs of consumers who now expect customized solutions along with accessibility.

Furthermore, international piracy represents a considerable threat, underlining the importance of strong anti-piracy measures and a value proposition that persuades customers to pay for music. E-Sonic must combine innovation with robust legal frameworks to combat piracy effectively, ensuring it can sustain its revenue streams.

In addressing human resources, an organization thrives on its commitment to employee satisfaction and compensation. The disparity between e-Sonic’s compensation offerings and those of competitors like Amazon and eBay indicates an urgent need for reevaluation. Aligning compensation structures not only to retain talent but also to motivate employees towards higher productivity is critical. A compensation package that promotes engagement and recognizes excellence can enhance the morale of the workforce, leading to better customer service and innovation.

In conclusion, e-Sonic Company stands at a critical juncture where thoughtful compensation strategies influenced by analyzed external factors could dictate its future success in the competitive e-music industry. Addressing compensation inadequacies alongside fostering innovation, focusing on competitive differentiation, and implementing protective measures against piracy will equip e-Sonic to thrive.

References

• Amazon music salaries. (n.d.). Glassdoor.
• Berg, A., Fransson, J., & Sorendal, F. (2007). Competitiveness in the Music Industry [Unpublished doctoral dissertation]. Jonkoping.
• Hawke, S. (2017, February 14). E-sonic compensation project. HubPages.
• Telecomdrive Bureau. (2018, August 29). Amazon Prime Music launches innovative voice controls powered by Alexa. Telecom Drive.
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