Merit pay vs incentive pay plans

Imagine that you are the human resources (HR) manager at a company. The company you work for is trying to determine whether it would be better for its employees to be compensated using a merit-based pay plan or an incentive-based pay plan.
As the HR manager, it is your responsibility to explain each pay plan to your company’s board of directors and voice an opinion about which one you feel would work best for the company’s employees. In addition, you must explain your choice.

 

 

 

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