Developing Management skills - 8th edition david a Whetten & Kim s Essay - 2

Developing Management skills - 8th edition david a Whetten & Kim s cameron - Essay Example ensation rewards and organizational goals will make employees take full control of their jobs hence improving their efforts and overall job performance. According to Navistar Internationals incentive plan, the plain aims at enabling the organization and its affiliated company subsidiaries to attract and retain employees with high qualifications and skills. Additionally, the company’s incentive plan aims at attracting consultants and non-employee directors who have exceptional skills in the operation of the company (Whetten and Cameron 90). The company is focused on providing its key employees occupying major positions an opportunity to earn incentive awards in line with the quality of their individual performance and achievement of performance goals. In line with the above mentioned organizational goals, the company has designed a number of compensations for its different categories employees. The company has different levels of employees defined by their tasks and responsibilities (Whetten and Cameron 95). The awards for performance depend on the performance of employees and their level of employment as stated earlier on. The objective of the company is attracting and retaining exceptional talent through attractive compensation packages. The incentive plan for the company is designed in such a way that employees with greater responsibility receive higher compensation compared to employees with less responsibility. This is because employees with greater responsibility have higher skills and talents and the organization is keen in attracting and such a group of employees in order to improve and maintain good performance. The organization’s incentive plan is based on pay-for-performance. The organization provides for the establishment of a committee that is responsible for the evaluation of employee performance and recommendation for compensation. Since the organization aims at attracting and retaining exceptional talent and skills, the pay-for-performance