Address the following questions in a the paper:
•Describe the strategic importance of performance-based pay
• From the employee perspective, what are the major advantages and disadvantages of these different forms of performance-based pay: recognition, merit, incentives, earnings at risk.
• From the employer perspective, what are the major advantages and disadvantages of these different forms of performance-based pay: recognition, merit, incentives, earnings at risk.
• Describe the challenges associated with using team incentives.
• Is performance-based pay more likely to cause employees to behave unethically compared to paying astraight salary, wage, commission? Why or why not?

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