Human Resources Compensation question

You are the Compensation Manager for a large company that manufactures bicycles. The Operations Department of the firm is responsible for manufacturing the bikes, which is done in an assembly-line fashion. The process is quite man-power intensive. 

You have been tasked to develop a pay-for-performance plan for all assembly-line workers that will perform three functions:

1. Appeal to the assembly-line workers
2. Meet the tenets of the core values
3. Serve to improve performance overall by reducing the time to make one bicycle by ten percent

Your assignment is to design the plan.