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 Whely adopt? Multiple Choice Tie incentlves to performance outcomes that are directly linked to and supportive of good stretegy execution and financial performance. Lengthen the time between achieving the target performance outcome and the payment of the reward to sustain performanci beyond the short term. Make sure the performance targets that each indivifual or team is expected to achieve involve outcomes beyond their control because unforeseen external factors may impoct the business. Make the performance poyoff a minor, not mojor, piece of the total compensation package and administer the rowards on a subjectlve basis: Create a roward system that involves 50 percent nonmonetary rewards for nonmanagers only
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
