Performance measures are linked to the organization's goals. Employees believe they can meet performance standards. The organization
Question:
Performance measures are linked to the organization's goals.
Employees believe they can meet performance standards.
The organization gives employees the resources they need to meet their goals.
Employees value the rewards given.
Employees believe the reward system is fair.
The pay plan takes it into account that employees might ignore any goals that are not rewarded.
2. In paragraph 1 (200 words), identify which one of the above 6 components you feel is the most significant to be included in any incentive pay plan. Support your choices with solid reasoning.
This quote appears just below the picture on Page 404: "People want to know that their hard work and their results are going to be rewarded appropriately, and that ultimately we don't want to pay our lower performers the same as we pay our higher performers". In today's workplace, with great emphasis being placed on such terms as diversity, equality, inclusion, equal opportunity, fairness, etc., do you see a challenge for management in designing effective incentive pay plans that incorporate the meaning of the above quote without such plans being seen as discriminatory or prejudicial?