Question: If you were developing an incentive system designed to help drive successful strategy execution at your automotive service and repair business, which compensation and reward
If you were developing an incentive system designed to help drive successful strategy execution at your automotive service and repair business, which compensation and reward system would you most likely adopt?
Multiple Choice
Make sure the performance targets that each individual or team is expected to achieve involve outcomes beyond their control because unforeseen external factors may impact the business.
Lengthen the time between achieving the target performance outcome and the payment of the reward to sustain performance beyond the short term.
Create a reward system that involves percent nonmonetary rewards for nonmanagers only.
Make the performance payoff a minor, not major, piece of the total compensation package and administer the rewards on a subjective basis.
Tie incentives to performance outcomes that are directly linked to and supportive of good strategy execution and financial performance.
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
