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Did you add a pay-for- knowledge aspect to your plan

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Reference no: EM131206978

Only answer ONE QUESTION. Two to Three paragraphs with 2-3 reputable references. Absolutely No plagiarism.

1. Design an individual pay or group pay plan for your employer. This plan should support the retention of talent needed for the company's long term strategic initiatives and competitive advantage. Why did you make the selection of individual or group and not the other? Did you add a pay-for- knowledge aspect to your plan? Why or why not?

2. Individual incentive plans reward employees whose work is performed independently. Like piecework plans in production. Under piecework plans, an employee's compensation depends on the number of units she or he produces over a given period. OR sales plans where compensation is tied to individual sales goals. Do they really work?

3. Group incentive plans promote supportive, collaborative behavior among employees. Companywide plans tie employee compensation to a company's performance over a short time frame, usually from a three-month period to a five-year period. Do they really work?

Reference no: EM131206978

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