You have decided that the ‘fit stop’ would be well suited to an organizational performance pay plan. Select the specific organization pay plan that would seem to work the best and design the plan, describing specifically how you would deal with the various design issues. Be sure to include ‘non-monetary’ rewards if deemed appropriate. When you are done, the plan should be ready for implementation and should align with the company’s high-involvement strategy.

Answer rating: 100% (QA)

Compensation PayforPerformance PFP systems tie reward directly to particular management objectives and business goals To do this corporations must deliver competitive compensation for competitive perf... View the full answer