Pay for Performance Options Report (HR Analytics)
As a consultant for Berry Sweets, your goal is to submit to the company some options for pay for performance. They have specifically asked if you can create the following and give projected costs for the upcoming year.
-An incentive plan for bringing in new clients
-Create an end of project bonus
-Group incentive plan
-An annual profit sharing plan
-Individual performance based pay increases dependent on the employees rating.
-One option that you suggest.
In your reports, review the costs and give the pros and cons to each plan.