subjective, expensive Performance-based Rewards Individual rewards - bonuses, commissions, piece rate Team rewards - team bonuses, gainsharing Organizational rewards - ESOPs, share options, profit-sharing Evaluating organizational rewards ESOPs and share options create “ownership culture” Profit sharing adjusts pay with firm's prosperity Problem: organizational rewards have weak P-to-O link Improving Reward Effectiveness Link rewards to performance Ensure rewards are relevant Team rewards for interdependent…
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