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

Show the problems with the engineering approach, Q. Show the problems with ...

Q. Show the problems with the Engineering approach? Problems with the Engineering approach: after listening to several complains from the employees about their highly special

Global level of of training needs, Q. Global level of of training needs? ...

Q. Global level of of training needs? Global levels: this is the highest level of generalization in respect of training and development needs. A global worldwide view tends to

Strategic hrm and theoretical frameworks, Because of the need to increase t...

Because of the need to increase the HR contribution performance and effectiveness, and due to the globalization and the competition in small village world, it was obvious that more

Location- files and record, LOCATION : This is essential piece of informat...

LOCATION : This is essential piece of information for anyone trying to find a particular piece of apparatus, etc. We mentioned that cupboards, drawers, etc. should be numbered and

What do you mean by job design and redesign, Q. What do you mean by Job des...

Q. What do you mean by Job design and redesign? Job design and redesign: once the jobs are understood properly, it is easy to locate weak spots and undertake remedial steps. We

Non financial incentives, Q. Non financial incentives? The Financial or...

Q. Non financial incentives? The Financial or pecuniary incentives are monetary in the nature as they involve flow of money from the organization to its staff. The examples of

Records -special files, RECORDS : Records means "any written matter or doc...

RECORDS : Records means "any written matter or document prepared for possible future uses". It may be in the form of a letter, notice, circular, invoice, voucher, picture, chart,

Show formal performance of leadership, Q. Show Formal performance of Leader...

Q. Show Formal performance of Leadership? Formal performance refers to those aspects of an employee's job that are defined as compulsory by the organization. Informal performan

Explain the importance of performance appraisal-review, Question 1: (a)...

Question 1: (a) Describe the different levels of operations of International Business. (b) Explain the importance of considering various Management approaches/orientations w

Explain typical recruiting process, Question: Employees are among a com...

Question: Employees are among a company's most important assets. Without qualified and motivated employees, a company cannot succeed. (a) List the steps in a typical recruit

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