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

Process of panel interview, Q. Process of Panel interview? Panel interv...

Q. Process of Panel interview? Panel interview: interviewing of the candidates by one person may not effective as he cannot judge the candidates in the different areas / skills

Induction, Difference between training and innduction

Difference between training and innduction

Autonomy or supervision, There is an inherent tension between autonomy and ...

There is an inherent tension between autonomy and supervision in teams. On the one hand, delegating authority to the team motivates employees, as they become highly involved in the

Describe the stages when conducting the interview, Question: (a) Inter...

Question: (a) Interviewing is a face-to-face conversation in which at least one party has a specific, serious purpose. As such it is perhaps the most common form of planned co

Efficient communication, Let us now summarise what we have studied in this ...

Let us now summarise what we have studied in this unit. Communication is a two-way process whereby transmission of messages or exchange of ideas, facts or opinions occurs betwee

How does stress affect the individual at work, Question 1: (a) In your ...

Question 1: (a) In your own words, identify and summarize the various theoretical frameworks for understanding organisational behaviour. (b) What are some of the major envi

Principal of red hot stove, Q. Principal of Red hot stove? Principal of...

Q. Principal of Red hot stove? Principal of immediate action: as the case of touching red hot stove, the burn is immediate. In the same way, the penalty for the violation shoul

HRD, There is case study base on new company. question 1 1.1 briefly explai...

There is case study base on new company. question 1 1.1 briefly explain the goal of HRD in this case. 1.2 Advice the newly appointed Director of training on how to integrate the ei

Define the process of choosing the channel of communication, Define the Pro...

Define the Process of Choosing the Channel of Communication? The channel chosen can influence the message and how it is interpreted by the recipient. The following factors can

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