As a new Human Resources Manager, you’ve been tasked with creating (or redesigning) an incentive plan for a common job in your organization. Based on what you’ve learned in class, consider the following:
- What factors will help you create an effective variable rate (aka incentive) pay plan?
- How will you decide whether to use individual employee, work unit/team, organization-wide incentives, or some combination?
- What key performance indicators will determine employees’ variable pay?
- What type of incentive pay-out structure will be most appropriate for this specific job, and why? How will it motivate employees while maximize organizational success?
Write an initial post that addresses this in detail