Working on problem of restructuring firm compensation plan

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Question

Milena, the vice president of human resources, is working on the problem of restructuring the firm's compensation plan by using the rational model of decision making. In the first step, she identified the problem of pay and incentives not keeping up with market rates. In the second, step she thought of alternative solutions; and, in the third step, she evaluated alternatives and selected a solution. In the fourth and final, step Milena needs to do more research to look at types of compensation plans. select a contingency plan. implement and evaluate the compensation plan chosen. determine how costly the solution will be.

Reference no: EM133583511

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