You are the compensation specialist at an organization making luxury bags that are particularly well received on the international market. Due to currency fluctuations, the profits this organization generates vary widely from year to year. Aiden Wong, who works for this organization, is in charge of a large product development group where the emphasis is on flexible performance, creativity, and “doing whatever it takes to get the job done.” What kind of reward system would you recommend for this group of employees? In particular, should there be a large incentive component? Should rewards focus mostly on money, or should this organization work hard to incorporate the other 12 rewards noted in Chapter 10 of the textbook?
You are the compensation specialist at an organization making luxury bags that are particularly well received on the international market. Due to currency fluctuations, the profits this organization generates vary widely from year to year. Aiden Wong, who works for this organization, is in charge of a large product development group where the emphasis is on flexible performance, creativity, and “doing whatever it takes to get the job done.” What kind of reward system would you recommend for this group of employees? In particular, should there be a large incentive component? Should rewards focus mostly on money, or should this organization work hard to incorporate the other 12 rewards noted in Chapter 10 of the textbook?
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