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- Why are many companies interested in moving to a pay-for-performance strategy?What are some ways that pay-for-performance schemes could backfire if acompany doesn’t set them up carefully or effectively manage the factors thataffect employee performance?Is it true that Person-focused pay plans are least preferable compared with individual incentive pay programs?
- In terms of compensation, how do employees view fairness? Cite 3 ways and give concrete, specific examples for each.. Enumerate in what ways can employee rewards programs be leveraged to enhance employee well-being, mental health, and work-life balance in today's dynamic work environments?What are the basic requirements of an effective employee incentive pay plan?
- W hat are the expected outcomes and benefits that an organization aims to achieve through the successful implementation of an employee orientation program?"What are the expected outcomes and benefits that an organization aims to achieve through the successful implementation of an employee orientation program?"Briefly explain the importance of organizations having good compensation and benefitsplans for their employees.
- An employee incentive program can help organizations improve their productivity, reduce their production costs and reduce employee retention. It can also build employee engagement and encourage teamwork. In addition, it can boost the morale of their workers. Describe and discuss TWO (2) types of pay (incentive) for individual performance and TWO (2) types of pay (incentive) for group performance.How to encourage your employee performance? Discuss any FIVE ways.Discuss comprehensively the importance and uses of job analysis.