Improve group morale by remunerating employees

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Reference no: EM132298200

Joe has approached you, as a compensation systems specialist, to advise him on how he can improve group morale by remunerating employees and teams for performance whist ensuring that the relevant staff accepts responsibility and accountability for a percentage of the business’s spiraling operating costs. He also wants the individuals and teams to view themselves as ‘part of the business’ and enjoy cost savings that the business generates. Advice Joe on the best way forward by referring to the following in your answer: • A suitable compensation system and approaches to take regarding remuneration (10 marks) • Recommendations on how to improve group morale through compensation • Suggestions on how individuals and teams can work together on saving costs and how they will benefit from these savings.

Reference no: EM132298200

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