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Average days
holiday/year
engineer
($)
Equiguard 12%
1,000
Safequipe
8%
1,500
Guarantor
7%
1,250
24,000
No
20
No
23,000
Yes
23
Yes
22,500
Yes
25
Yes
response times and so the shorter this time the greater the bonus
should be for the whole team.
In addition, he proposes an individual bonus. This will be based on
the average time taken for an engineer to fix a reported fault
once they have arrived. This is the average time taken for the
engineer to repair the fault from the start time of the job to its
completion. He argues that the company values quick repair time
as this increases business efficiency and so the quicker the fix the
greater the bonus should be for the individual.
Required:
(a) Assess the deficiencies of Equiguards current
rewards management scheme.
(15 marks)
(b) Analyse the limitations of the proposed performance
measures suggested by the HR director.
(10 marks)
(25
marks)