Reference no: EM132400124
Developing an Incentive Plan
As a new Human Resources Manager, you've been tasked with creating (or redesigning) an incentive plan for a common job in your organization. Based on what you've learned in class, consider the following:
What factors will help you create an effective variable rate (aka incentive) pay plan?
How will you decide whether to use individual employee, work unit/team, organization-wide incentives, or some combination?
What key performance indicators will determine employees' variable pay?
What type of incentive pay-out structure will be most appropriate for this specific job, and why? How will it motivate employees while maximize organizational success?
Write an initial post that addresses this in detail, using research content to support your answers. Share your initial post in this Discussion board by Thursday evening. Give substantive responses to at least two classmates' initial posts by Sunday evening.
Use in-text citations to show where you are applying or discussing content from your textbook. In addition, be sure to cite where you are applying or discussing content from external research that you decide to use, if any. (External sources are not required, but are likely to help your grade.) End your post with a References list that gives the full details about the sources. In-text citations and References should be formatted according to APA standards.