Suppose your company announced that it would pay bonuses to employees who met a certain performance standard.
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Suppose your company announced that it would pay bonuses to employees who met a certain performance standard. The company did not realize, however, that many employees would be able to reach the standard with hard work and that the bonuses would cost the company much more than expected. Is it fair to lower the bonus rate? Is it fair to increase the performance standard for bonuses after the fact? Explain.
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The time of reference is important to the situation For example ...View the full answer
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