You are the Compensation Manager for a large company that manufactures bicycles. The Operations Department of the firm is responsible for manufacturing the bikes, which is done in an assembly-line fashion. The process is quite man-power intensive.
You have been tasked to develop a pay-for-performance plan for all assembly-line workers that will perform three functions:
- Appeal to the assembly-line workers
- Meet the tenets of the core values
- Serve to improve performance overall by reducing the time to make one bicycle by ten percent
Your assignment is to design the plan.