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

Explain the recruitment process, Q. Explain the Recruitment process? ...

Q. Explain the Recruitment process? Recruitment process: Recruitment is a process consisting of various activities, through which search of prospective personnel both

Desired evaluation outcomes, What actions can you take to? increase t...

What actions can you take to? increase the level of engagement and commitment of the team members? enhance the benefits and make more explicit the unwritten or unspoken as

FAQ for HR positions, Could u please help me in getting the questions which...

Could u please help me in getting the questions which are asked very frequently for HR position?

Reasons for conducting job analysis, Reasons for conducting job analysis ...

Reasons for conducting job analysis There are 3 reasons for conducting job analysis: (a)  when the organization is founded and job analysis program is initiated for the firs

Code of discipline in the industry, Code of discipline in the industry: ...

Code of discipline in the industry: To maintain discipline in the industry (both in public and private sectors): there has to be (1) a just recognition by employers and workers

Arguments against workers participation, Arguments against workers particip...

Arguments against workers participation: workers participation is always not favoured by managers because of the following factors: 1. Inefficient workers: some managers discou

Describe the role of internal marketing communication, Question 1 a) Ex...

Question 1 a) Explain a purchase repertoire (or evoked set) and suggest how Marketing Communications might assist perceptual selection. b) Show the seven core value groups a

Study case 9.1, #3 apply the theory of symbolic interactionism to each part...

#3 apply the theory of symbolic interactionism to each party in the case by identifying where you see each party''s " me , myself and I ."

Ethics.., Discuss in scholarly detail what managers can do to increase the ...

Discuss in scholarly detail what managers can do to increase the probability that ethics training influences organization members to act ethically over time?

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