Shelina, who runs a motorbike riding camp for girls, is considering the creation of an effective compensation system for her staff. What should Shelina do first?
A) establish ethical compensation policies and convince employees that they are the firm's most valuable competitive asset.
B) design monetary and nonmonetary incentives that boost labor productivity and help lower the firm's overall labor costs.
C) generously reward and recognize people who meet or beat performance targets and deny rewards and recognition to those who don't.
D) pay employees a bonus for each strategic and financial objective that the company achieves.
E) allow employees to propose what rewards they would like to receive to achieve the company's stretch objectives.
Correct Answer:
Verified
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