Problem
You have been assigned the task of hiring a senior management resource for an important project. You are sorting your applicant list and find that many are suitable for the job. You want to ensure that your recruit is adequately skilled and builds a lasting relationship with the organization. You have decided to use the variable pay program in the recruitment process.
Write a paper in which you complete the following:
1) Compare the 3 sub-plans (high-risk, standard, and low-risk) under the hiring and variable pay program.
2) Summarize your approach for negotiating the starting salary of your recruit basis the standard and the low-risk plan.
3) Analyze whether your suggested hiring and variable pay program is likely to impact the job offer acceptance rate.