Question: examples method Profit Sharing at Lee Valley Tools Ottawa-based Lee Valley Tools distributes 25 percent of its annual profits equally to its 850 employees. The

examples

method

Profit Sharing at Lee Valley Tools Ottawa-based Lee Valley Tools distributes 25 percent of its annual profits equally to its 850 employees. The profit-sharing plan is valued for aligning employee behaviour with the company's success. Job Status-Based Rewards ncludes job evaluation and status perks Advantages: - Job evaluation - more pay fairness, less pay discrimination Motivates competition for promotions Disadvantages: Encourages bureaucratic hierarchy Reinforces status vs egalitarian culture Employees exaggerate duties, hoard resources From chapter 6, several examples of performance-based rewards are described. What do you think is the most effective way of being rewarded in the workplace? Why do you think this method would be the most effective? Provide a scenario or example to help explain your rationale

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