Formal performance evaluation process

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Reference no: EM133824769

Question

1. Explain whether you will or will not implement a formal performance evaluation process for Berkshire Hathaway and defend why or why not.

2. Describe the reward system you will use to motivate your employees, in detail, and why you have included each element (base pay, commission, bonus, stocks, benefits, holiday, vacation, etc. (the list is endless, so be creative!).

3. Describe your approach to rolling out and managing the change process required to transition from the current reward system to your new system.

a. What strategies will you use to manage the change?

b. Will you be transparent in your communication or does some compensation information remain confidential?

c. What are the most likely roadblocks or resistance to change and how will you plan proactively for success?

Reference no: EM133824769

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