Academic MBA Question:
Nmims assignments – Karan Kapoor has a startup business – Akanksha Enterprises – that recycles plastics and makes decorative items. He started the business 2 years ago with 5 employees. Today it has grown pan India and has 100 employees. Karan has now hired Amita Patil as HR Manager and wants to introduce rewards and incentives in their organization. This will be the first time they will be introducing the concept of rewards. Amita Patil, HR Manager is leading this exercise.
- What steps should Amita take to link performance with compensation?
- Prepare an incentive scheme for Sales Executives who sell the decorative items