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Each division was required to rank 20 percent of their employees at the lowest ranking. Employees were quick to rank others less favorable in order to increase their own standings (Fowler, 2002). Kenneth Lay, CEO, was said to have made a point on the ethical codes of Enron, and how it was important to him to achieve the highest quality of ethics and at the same time supporting all people!
Enron decided to carry out a bonus system. This was a system that an employee would receive a bonus when a contract was signed, not completed! So, even if the contract was faulty or unethical if it was signed the employee received a large bonus; normally a 3% bonus on the price of the contract...
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Common topics in this essay:
- Bonus Army
- Employee Individual Performance
- Every Person In An Organization Will Have His Or Her Performance Appraised In One Form Or Another. Write A Report, Discussing The Nature, Purpose, And Methods Of Performance Appraisal In A Large Organization Of Your Choice.
- Managing Individuals Performance in the Workplace
- Organizations And Employee Performance
- Performance Management
- Performance Management
- Performance Management
- Performance Management
- Performance Management
- Performance Management
- Performance appraisal as a positive part of the performance management process
- performance management
- Signing Bonus
- Enron'S Performance Bonus For Top Employee'S
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