Show rewards and incentive, HR Management

Assignment Help:

Q. Show Rewards and incentive?

Rewards and incentive: an incentive or rewards can be anything that attracts a worker's attention and stimulates hi to work in the words of Burack and Smith, "an incentive scheme is a plan or programmes to motivate individual or group performance. An incentive programme is most frequently built in the monetary rewards (incentive pay or a monetary bonus), but may also include a variety of non monetary rewards or prizes". On the other hand, French says, the term, "incentive has a limited meaning that includes many kinds of inducements offered to people to perform work, or to work up to or beyond acceptable standards. It does not include:

1. Wage and salary payments and merit pay;

2. Over time payments, pay for the holiday work or differential according to shifts, all payments which could be considered incentives to perform work at undesirable times, and

3. Premium pay for performing danger tasks. It is related with wage payment plans which tie wages directly or indirectly to standards of productivity or to the profitability of the organization or to both criteria.


Related Discussions:- Show rewards and incentive

Assignment Question, Effective Human Resource Management depends upon a sou...

Effective Human Resource Management depends upon a sound reward system discuss

HR Executive, As a HR person, what is your role in assisting your line mana...

As a HR person, what is your role in assisting your line manager in implementing your HR policies to the satisfaction of your company

Describe different performance-related pay schemes, Question 1: (a) Def...

Question 1: (a) Define the term ‘performance-related pay and briefly describe different Performance-Related Pay Schemes. (b) What are the 3 main objectives of Performance-Re

What is basic objective of workers participation, Q. What is basic Objectiv...

Q. What is basic Objective of workers participation? Objective of worker's participation: the objectives of worker's participation in management may every from country to count

What can organisations do to manage such conflicts, Question 1: (i) Ex...

Question 1: (i) Explain why it is of utmost importance for organisations to effectively manage their "people". (ii) What are the challenges that organisations are currentl

Induction, reason why many companies do not pay sufficient attention to sta...

reason why many companies do not pay sufficient attention to staff induction

What is recruitment and selection, Question 1: (a) Distinguish between ...

Question 1: (a) Distinguish between Personnel Management and Human Resources Management. Illustrate your answer with relevant examples in a company. (b) "Human Resources a

Benefit of working in terms of strict h and a, What is the benefit to ...

What is the benefit to an organization of working in terms of strict H&S guidelines - The manager holds official and ethical duty to make sure that his or her e

Communication skills and motivation, Communication Skills and Motivation: ...

Communication Skills and Motivation: 1. Communication is the transfer of information from one person to another. Successful communication is much more than mere transfer of in

What are the characteristics of knowledge management, What are the Characte...

What are the Characteristics of knowledge management KM, as already mentioned above, attempts at the holistic application of the complexities of human intellectual processes, i

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd