QUESTION THREE

$[25]$

Read the following extract and answer the question that follows:

While most people appreciate a bonus or tangible gift, incentives don't work for every employee. Moreover, teams working for a larger company may feel as if you're just trying to buy their loyalty. Leveraged properly, though, incentives can help boost both morale and productivity. Companies face two main staffing issues: how to attract top talent and how to keep it$.$ So why not create versatile incentive systems so that employees feel the need to do their best in return? Some ideas include alternative work schedules that fit their needs or paid time off for creative projects. If you want to increase loyalty, make them co$-$owners in the form of an employee stock ownership plan.

Considering the above explain how organisations may use incentives to both attract and keep top talent. In your answer, recommend a "versatile incentive system" that would work for larger companies.