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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.
Sales Growth
The increase in sales over a specific period, indicating the expansion of a business's revenue-generating capabilities.
What's in it for me?
A question individuals ask to understand the benefits or personal gains of a situation or proposition.
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