Which compensation approach can directly help achieve Fresh Munchables’ future goals?

Adoption of performance-based incentives is the most effective compensation approach for helping Fresh Munchables achieve its future goals. Performance-based incentives align employee compensation with the company's strategic objectives and encourage employees to work towards specific targets and desired outcomes. This type of compensation model fosters motivation, productivity, and accountability, as employees are rewarded for their contributions to the company’s success. By linking pay to performance, the organization can drive higher levels of engagement and improve overall business results.

On the other hand, equal pay for all employees, while fair in terms of equality, may not directly motivate individuals to excel or contribute beyond their basic job functions. Adhering to minimum wage guidelines focuses solely on legal compliance rather than motivating performance or supporting growth. Annual flat salary increases do provide consistency in compensation but may not sufficiently incentivize high performance or align with the company's dynamic goals. Therefore, performance-based incentives stand out as the most proactive approach to driving the company’s objectives forward.