How would you modify an existing incentive program in a rapidly changing industry to maintain its effectiveness?
- Implement a one-time performance bonus
- Introduce uniform incentives for all employees
- Regularly assess and update program components
- Remove incentives due to uncertainty
To maintain effectiveness in a rapidly changing industry, the key is to regularly assess and update program components. This ensures that the incentive program remains aligned with industry trends and continues to motivate employees in dynamic environments.
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