compensation bonuses and Incentives
You own Falzer’s Tool Coating Company, a high-tech firm specializing in the coating of cutting tools (e.g. drill bits, cutting blades) to provide longer life before
re-sharpening is needed. You are concerned that the competition continues to develop new coating methods and new applications of coating in different industries. You
want to create a work environment where employees offer more new product ideas and suggest new industries where these ideas might be applied. What type of compensation
plan will you recommend? Be specific with what you would include and why. What are some of the problems you need to be aware of? Specifically address whether you think
an individual or group incentive plan might be applied. Your initial discussion board post should be at least 250 words in length and should use at least one resource
as support. This resource may be your textbook, required readings for the course, or outside research. Use APA citation format to properly credit your supporting
material. You should also include a descriptive subject line in this initial post.
