The CEO of FiberMaster Textiles spoke with the CEO of Golden Fleece Manufacturing while at a conference. There, he learned that Golden Fleece has had great success in implementing an individual pay-for-performance system. The CEO of FiberMaster has directed the vice president of HR to implement the Golden Fleece method at FiberMaster. Which of the following questions should be the first that the HR vice president addresses?
A)Can the plan be administered properly?
B)Does the plan fit with the business strategies and culture?
C)Does the plan reward the appropriate employee actions?
D)Can the company afford the plan?

Question

Quizplus · Accepted Answer

The first question the HR vice president should address is whether the pay-for-performance plan fits with FiberMaster's business strategies and culture. It's important to ensure that the plan will align with the company's overall goals and values, as well as with the employees' motivations and expectations. Once this is determined, the other questions can be addressed, such as whether the plan can be properly administered, whether it rewards the appropriate employee actions, and whether the company can afford it. However, without considering the fit with the company's strategies and culture first, any plan may fail to achieve the desired outcomes.

The CEO of FiberMaster Textiles Spoke with the CEO of Golden