Types of “pay for performance” reward systems – in your own words, explain the basis of these plans
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Types of “pay for performance” reward systems – in your own words, explain the basis of these plans
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Do some research and out outline some of the different types of “pay for performance” reward systems – in your own words, explain the basis of these plans.
Address the following questions in your response:
– What are the Pro’s and Con’s of the plan
– What is motivational about these plans
– How do you manage and evaluate the effectiveness of the reward system
– Why do we say that there is “NO” best one – reward system
