Bob, the owner of a fast expanding start$-$up$,$ wants to match performance criteria to the ways the managers contribute to goal achievement. He decides to do this by awarding his managers incentive pay based on a set of performance measures associated with his company$$s long$-$term and short$-$term goals. In order to do this, Bob should

Multiple Choice

apply the Scanlon plan.

create a balanced scorecard.

hire more employees than he needs.

implement multiple incentive pay schemes.

hire new employees and pay them above the market rate.