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

What is placement and orientation, Q. What is placement and orientation ? ...

Q. What is placement and orientation ? Placement and orientation: after selecting people, we have to place them on jobs best suited to their interests, activities and aptitude.

E, Identify at least 3 ways HR activities support an organisation to meet i...

Identify at least 3 ways HR activities support an organisation to meet its goals and business objectivesccepted#

Rating scales, Rating scales: The simplest way to measure the strengt...

Rating scales: The simplest way to measure the strength of individuals' attitudes towards a particular topic is to ask them to rate their response to a particular question. F

Physical examination in selection process, Q. Physical examination in selec...

Q. Physical examination in selection process? Physical examination is carried out to ascertain the physical standards and fitness of the prospective employees. The practise of

American jobs creation act of 2004, Legislation that turn out to be effecti...

Legislation that turn out to be effective in October of 2004, which is developed to help multinational corporations, domestic manufacturers, and other entities, as well as the ener

Importance in Health care management, why HRM is important in Health care m...

why HRM is important in Health care management and what is HRM''s role?

Bench Managment., Should benching be a matter of concern at Delta?

Should benching be a matter of concern at Delta?

Strategic hrm, Strategic HRM is involved in all the human resource function...

Strategic HRM is involved in all the human resource functions from recruitment to selection, reward, training and development and talent management. Implementing SHRM help organiza

CapSim Simulation Exam, Bam''s product manager is under pressure to increas...

Bam''s product manager is under pressure to increase market share, but is uncertain about how to make the product more competitive. The product is reasonably well-positioned in the

Basic ingredients or guidelines of a disciplinary action, Basic ingredients...

Basic ingredients or guidelines of a disciplinary action: the principal ingredients of a sound disciplinary system are: 1. Responsibility for maintaining discipline: the Respon

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