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Effective method of reporting

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Reference no: EM132997544

Money may not be the best motivator, but compensation plans and incentives can be effective. When financial incentives are properly developed and administered, they are advantageous for both individuals and organizations.

(1) Research and gather information about each of the following:

Bonus pay
Employee Stock Ownership (ESOP)
Gain-sharing
Profit-sharing
Pay for performance (merit pay)
Skills-based pay (pay for knowledge)

(2) Choose an effective method of reporting your findings in a concise, clear and business-like manner.

Reference no: EM132997544

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