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

Suggestions for conducting appraisal reviews, Suggestions for conducting ap...

Suggestions for conducting appraisal reviews: 1. Give the employee a few days notice of the discussion and its purpose. 2. Prepare notes and use the completed performance a

Human resource management, discuss the social security measures available ...

discuss the social security measures available to workers in india

Motivation and affect management, The social and motivational forces that e...

The social and motivational forces that exist between team members create a bond, or cohesion, among them (Beal et al. 2003, p. 989). Motivating/confidence building involves encour

TRADE UNIONS IN SOUTH AFRICA, WHAT TO START WITH WHAT SHOULD BE COVERED WHA...

WHAT TO START WITH WHAT SHOULD BE COVERED WHAT IS MOST ESSENTIAL?

Hrm, effective human resources management depends upon sound reward system....

effective human resources management depends upon sound reward system. explain?

Values, give 10 values of human resource management

give 10 values of human resource management

Describe what you understand by the concept of job analysis, Question 1: ...

Question 1: Outline and describe the importance of Performance Appraisal in an Organisation. Question 2: Human resource management is continuous in nature. In this cont

Steps in the process of personnel management , Steps in the process of pers...

Steps in the process of personnel management: The steps or activities in the process of personnel management include: 1) Manpower planning which involves the long-term planni

Hr is our major source of competitive advantage, QUESTION Case Study ...

QUESTION Case Study The richest man in the world, feted by presidents and prime ministers, Bill Gates sees no activity as more important than meeting superior candidates

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