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Explain the potential advantages and disadvantages of plan

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Reference no: EM132872267

Context:

Everyone has different preferences and motivations. Because of this, a "one size fits all" compensation system does not result in the highest level of productivity for all employees. 

  1. Which of the five types of individual incentive plans is the most attractive to people? (Specify and explain only one)
  2. According to question 1, identify the type of plan that would be preferred. 
  3. According to question 1, describe how the plan would pay people. According to question 1, what is the reason for the preference for this type of plan?
  4. Explain the potential advantages and disadvantages of the plan.

Reference no: EM132872267

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