Bill Leung Is the HR Director for Copper Inc

Multiple Choice

Bill Leung is the HR Director for Copper Inc., a mining firm. The business has been losing money over the past three years due to a worldwide slump in copper prices. There is pressure to reduce labour costs and increase productivity. Bill must recommend a plan for the research department staff. It's difficult to assess researchers' performance because of the kind of work they do. Recently, a number of researchers have been laid off because of the company's losses; remaining staff members must get involved in new projects. Flexibility and communication between project team members is very important. What kind of incentive plan would meet Bill's needs best?

A) skill-based pay
B) piece rate
C) profit sharing
D) ESOP
E) gainsharing