Can you please answer this?

1. Aread and analyze the various ways on compensating through incentives, namely, merit pay, piece rate pay / commission, and group incentives;
2. imagine yourself managing your own company, of your choice, and deciding which mode of compensation would you think is best or most suitable for your organization;
3. for each mode, you have to give your personal assessment on the advantages or disadvantages by indicating the former under the pros and the latter under the cons;
4. you have to specify at least one advantage and disadvantage for each mode and explain further as to why you indicated those;
5. after identifying the pros and cons, weigh all your assessments and ultimately decide which mode of compensation through incentives is best suited for your own organization and explain

COMPENSATION PROS CONS

a) Merit Pay

b) Piece Rate Pay / Commission

c) Group Incentives

d) What is the most suitable mode of compensation through incentives for your own organization/ company? (5 points)