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This question contains two parts; be sure to answer both.
First, explain at least four of the six types of compensation plans, giving an example of each.
Next, imagine that you manage a medium-sized office that is trying to increase its profitability by cutting its expenses, such as office supplies, electricity, rent, and telephone bill. Which type of compensation plan would be most motivating to you in this situation? Why?
Performance Metrics
These are measurements used to evaluate the efficiency, performance, and success of an organization or individual.
Strategic Performance Measurement System
A framework that organizations use to measure, monitor, and manage performance against strategic goals, integrating financial and non-financial measures.
Performance Metrics
Quantitative measures used to assess, compare, and track performance or production across different areas of a business or operation.
Customer Perspective
An approach that focuses on understanding and fulfilling the needs, expectations, and satisfaction of the customers.
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