Imagine that you are the manager of a small clothing manufacturer. You wish to retain your more senior employees, who typically work faster in completing each item of clothing than newer employees. Nevertheless, because 80% of your current workforce is over 50 you need to incentivize new hires in order to be sure you have an adequate supply of skilled workers in 10 years time.

Devise an extrinsic reward plan that rewards skilled workers as well as new workers who need to acquire skills. [Analyze/Create]

LO6