MyBike EnterpriseThe employees at MyBike Enterprise are integral to company success. The company buildscustom bicycles for its customers. Its ability to build quality bicycles to specification hasbecome a competitive advantage. At My Bikes, customers will place order based on their ownspecifications. Upon receiving orders, the labour will work in teams to build the bicycles.There are between six to eight different steps in building the bicycles. The teams at My Bikescomprised of workers that have knowledge of only one or two steps. Few have knowledge ofall eight steps. At the end of the day, workers at MyBikes will receive an hourly pay rate plusteam-based bonus payment for each bike that is built on time and with no defect.Questions.a. In your opinion, is it effective for MyBikes to use hourly pay rate to pay its worker? Justifyyour answer.b. Discuss ONE (1) potential compensation issue that might arise from the fact that only fewemployees know all eight steps to build a bicycle.c. Under group incentive program, it is possible for poor performers to benefit without makingsubstantial contributions to group goals. What can companies do to ensure that poorperformers do not benefit from group incentive pay? Discuss your answer using ONE (1)point.d. Only few workers at My Bikes have all the knowledge on eight steps to build a bicycle,discuss an appropriate pay plan that My Bikes can use to encourage its workers to learnall the steps in building bikes. Explain how this plan will help the workers to be motivatedto learn all the process.

a) Hourly pay rates may be used effectively by MyBikes to pay its employees since they give them a…

Answered: a. In your opinion, is it effective for…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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