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XYZ Ltd. has just introduced a performance-based reward system for all production employees. The plan pays employees a team-based bonus based on the reduction of labour costs per unit in the production department. Describe three strategies to ensure that this and other performance-based reward systems are effective. Your answer should also briefly state the type of reward system used by XYZ Ltd.
Modification
A change or alteration, often to a contract or agreement, altering its terms or conditions.
Dishonored
Referring to a financial instrument, such as a check or promissory note, that is not accepted or paid when presented for payment.
Note
A promise by the maker of the note to pay the payee of the note.
Reasonable Identification
The process of sufficiently identifying an individual through the use of valid and reliable means or documents.
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