Question: Since pay for performance is a crucial factor governing compensation increases, managers must be able to defend the compensation recommendations they make for their employees.
Since pay for performance is a crucial factor governing compensation increases, managers must be able to defend the compensation recommendations they make for their employees. As managers know, however, they must deal with other factors that can affect compensation recommendations. These may include the opinions of the employees peers or extenuating circumstances, such as illness or family responsibilities.
The purpose of the following exercise is to provide you with the experience of granting Bonus pay to employees based on their work performance and other information.
The following are the work records of employees. As their manager, you have just completed their annual performance reviews, and it is now time to make recommendations for their Bonus. You have $ in your Budget to use for Bonus pay. Determine what type of Bonus strategy you will use, how much each of the following will receive for a bonus, and the rationale of why they will receive that amount. Create a table with this information to hand in
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