As the compensation manager for a large manufacturer,Tony has been asked to restructure the reward systems in his organisation.Employees have suggested,more than once,that the current reward system is rather unfair for many employees.They've suggested that there are huge variations in performance levels for each role but employees still get the same pay. Employees also state that some employees take three times the amount of time than other employees to complete the same task so another option Tony might consider is:
A)merit-based pay
B)profit-sharing
C)bonuses
D)employee share options

Question

Quizplus · Accepted Answer

Merit-based pay is the best option to address the concerns raised by employees. It rewards employees based on their individual performance and productivity levels, rather than giving the same pay to everyone in the same role. This will motivate employees to work harder and more efficiently, as they will be rewarded for their efforts. Profit-sharing, bonuses, and employee share options are other options, but they might not address the issue of variation in productivity levels as effectively as merit-based pay.

As the Compensation Manager for a Large Manufacturer,Tony Has Been