Pay-for-performance Plan Student’s NameInstitution Professor Course Date This organization understands the fact that what motivates employees is the pay they get and thus it is willing to make a pay-for-performance plan which will be aimed at improving the employee’s performance and making them earn more for their hard work. The organization is looking forward to produce more at a very short period of time but also make quality products. This plan will state the core values of the company the noted areas that timely manner. We believe that this would be fair to every worker since it would be his/her hard work that would determine the percentage increase they would get. For all this to be achieved we believe that each and every worker would be focused to producing the best and thus remaining goal oriented and focused to their main purpose in the company. The employers are also expected to develop good working skills that would help them meet all their goals in the company. [...]
You are the Compensation Manager for a large company that manufactures bicycles. The Operations Department of the firm is responsible for manufacturing the bikes, which is done in an assembly-line fashion. The process is quite man-power intensive. You have been tasked to develop a pay-for-performance plan for all assembly-line workers that will perform three functions: Appeal to the assembly-line workers Meet the tenets of the core values Serve to improve performance overall by reducing the time to make one bicycle by ten percent Your assignment is to design the plan.