organizations link pay to performance, determine cash bonuses, recognize employees and determine equity-based rewards. An organization must...

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General Management

organizations link pay to performance, determine cash bonuses,recognize employees and determine equity-based rewards. Anorganization must determine what they are able to provide toemployees according to their strategic plan, mission and values.Research to find a company that has thought through these differenttypes of performance incentives, how they came to theirconclusions, and if they are working. How do their incentives tieto their mission, values, strategic goals?

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Your compensation strategy should be tailored to your unique business circumstances As a beginner you may not be able to compete with big payroll companies So you need to consider a combination of options to attract and retain key employees Do not underestimate the value of the advantages or prerequisites that your company can offer that may not be available in large companies See Answer

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