Compensation: Limousine Business Operators

Market Evaluation Limousines are an elegant and comfortable elbow room of transport, and are far more preferred than plain rent-a- machine arrangements. The car rental business, however, has diversified from the classic black stretch limo to a more diversified and modern vehicle fleet ranging from sedans, limo buses, and redden stretch SUVs with huge seating capacities. According to latest data, some four hundred million Ameri asss make limo reservations from car rental firms each course of instruction for a variety of reasons among them airport pick ups and transfers, entertaining business and integrated clients, as well momentous occasions such as weddings, proms and another(prenominal) social gatherings. The huge traffic and short wait for a topic on investment has caused more than a few hundred late limousine businesses to emerge every year.Although competition in the limo commercialise is currently stiff, there will always be room for limousine business operators whose a im is to provide top-notch service that give clients value for their money. The honest salary for a limousine driver in Austin, Texas, for 2012 was $23,550 or $11.33 per hour. The fiftieth percentile of pay for a limousine driver in Austin, Texas, was $22,140 or $10.64 per hour. The average limousine company allocates 25% of its budget for salary and benefits.The late economic recovery and increased consumer demand for limousine service resulted in 61% of limousine function increasing revenue in 2012. pedigree and professional clients comprise 61% of the customer base for limousine services and should be the target customer base for the company.Compensation Structure Mr. Stonefield compensation social organization should reflect the company business plan and goals by placing a antecedence on customer service, repeat business,new client referrals, and safety. What the company can afford to pay and implementing programs to reward performance that align employee compensation with the achiever of the company should be the basis of the compensation social organisation The compensation structure should keep fixed labor costs low and place fury on benefits, incentives, and merit based-pay.