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The following table shows the steps involved in deciding team compensation. Identify the usual order of these steps. Steps in Deciding Team Compensation Step Order
The following table shows the steps involved in deciding team compensation. Identify the usual order of these steps. Steps in Deciding Team Compensation Step Order Organizations set performance measures on which incentive payments are based. Improvements in efficiency or product quality and reductions in materials or labor costs are common benchmark criteria. The size of the incentive bonus must be determined. A payout formula is established and fully explained to employees
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