Expert answer:IP 415 Compensation program help, Management homew

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Answer & Explanation:Deliverable Length: 800–1,000
words
A strategic purpose for a
well-blended compensation program, one that includes various types of direct
compensation, is gaining employee commitment and productivity. One of the most
effective tactics for this strategy is designing a process for linking
individual achievement to organizational goals.
Prepare a report to
senior leaders addressing the following:

Explain the concept of
tying performance to organizational goals.
Describe the different
types of individual and group-level performance measurements.
What are the advantages
and disadvantages of individual versus group-level performance
recognition?
Discuss the options an
organization has to link individual or group monetary rewards to
organizational success.
Develop recommendations
for how to implement, monitor, and evaluate such a program.

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