As the Compensation Manager for a Large Manufacturer,Tony Has Been

question 34

Multiple Choice

As the compensation manager for a large manufacturer,Tony has been asked to restructure the reward systems in his organisation.Employees have suggested,more than once,that the current reward system is rather unfair for many employees.They've suggested that there are huge variations in performance levels for each role but employees still get the same pay. Employees also state that some employees take three times the amount of time than other employees to complete the same task so another option Tony might consider is:

• A)merit-based pay
• B)profit-sharing
• C)bonuses
• D)employee share options

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Definitions:

Closed-Door Policy

Closed-door policy is a company policy where communication and accessibility between employees and management are limited, discouraging openness and transparency.

Communication Channels

Mediums through which information is transmitted from a sender to a receiver.

In-House Intranet

A private network utilized by a company or organization to securely share company information and computing resources among employees.

Face-To-Face Meetings

Meetings where participants interact directly in the same location, allowing for immediate communication and non-verbal cues.