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Explain the incentivize employees

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In breaking down base pay versus incentives, we look at whether our organization is going to have a performance philosophy or a longevity philosophy. Some companies pay people more for longevity or seniority, meaning accumulating years of service with the firm. Other companies, however, pay more for performance--for completing certain tasks or doing certain things faster or better than average, not just for being there and being loyal to the firm. Thinking about organizations that you have worked for in the past, did they employ a performance philosophy or a longevity philosophy? If you were the leader of an organization, which philosophy would you use to incentivize employees?

Reference no: EM133162705

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