Explain the components of bottom-up and top-down approaches

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Explain the components of bottom-up and top-down approaches to managing labor costs and decide which would be most important to use in either your current work environment or one with which you are familiar. Explain your reasoning.

In your response, imagine that managers will be part of the budgeting process and may, based on your business, amend, revise, or adopt new approaches to compensating, rewarding, and incentivizing the workforce.

Reference no: EM13361186

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