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Analyze the various ways on compensating through incentive

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Reference no: EM132735744

Question 1: Aread and analyze the various ways on compensating through incentives, namely, merit pay, piece rate pay / commission, and group incentives;

Question 2: imagine yourself managing your own company, of your choice, and deciding which mode of compensation would you think is best or most suitable for your organization;

Question 3: for each mode, you have to give your personal assessment on the advantages or disadvantages by indicating the former under the pros and the latter under the cons;

Question 4: you have to specify at least one advantage and disadvantage for each mode and explain further as to why you indicated those;

Question 5: after identifying the pros and cons, weigh all your assessments and ultimately decide which mode of compensation through incentives is best suited for your own organization and explain

Reference no: EM132735744

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