Question: Vantage Point Inc. ( VPI ) is a relatively new company that wants to improve its employee rewards, compensation, and benefits. The company understands that
Vantage Point Inc. VPI is a relatively new company that wants to improve its employee rewards, compensation, and benefits. The company understands that there are effective reward systems that will motivate employees. However, VPI management is not sure which would be the best for the company. Compensation, another important area, must also be improved so that it will satisfy all employees effectively. In addition, the company wants to create benefits to keep the employees not just satisfied, but also motivated. Yet another pressing issue is deciding on the training methods that are to be used to successfully teach the new employees.
VPI believes that it will be on the right path if all of these changes can be successfully accomplished. The company plans to incorporate performance appraisals so it can be sure that the rewards, compensation, and benefits are effectively distributed.
Refer to Vantage Point, Inc. VPI management needs to understand that effective reward systems must
Question options:
distinguish the best from the rest
enable employees to satisfy basic needs
provide incomparable rewards to differentiate VPI from other firms
distribute only to the top performers in the organization
recognize that all people have the same needs, which can be satisfied with more money
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