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 essential features of high-performance model, Question 1: Expl...

Question 1: Explain the Guest, Sisson, and Hendry and Pettigrew principles of Strategic HRM. Question 2: Two models of Strategic HRM are the ‘High-performance model'

Discuss the importance of the psychological contract, Question 1: (a) E...

Question 1: (a) Explain the distinction between personnel management and human resource management. (b) Provide two definitions of human resource management and discuss the

Transition - phase processes, As mentioned above, during the transition pha...

As mentioned above, during the transition phase, teams plan or evaluate their activities and/or progress. In this phase they are called to decide upon three major issues: the team'

Explain the roles of e-hrm, Question 1: (a) Show the impact of the ...

Question 1: (a) Show the impact of the Internet and web-based technologies on the different human resource management functions in organisations. (b) What are the cri

Participation through job enlargement, Participation through job enlargemen...

Participation through job enlargement and job enrichment: Job enlargement means expanding the job contents adding tasks elements horizontally. Job enrichment means that additi

Memoranda, MEMORANDA : Memoranda (though some prefer "memorandums" and oth...

MEMORANDA : Memoranda (though some prefer "memorandums" and others refer to "memos") are commonly used for written communications within a workplace, within departments, etc. They

Hrd, features of hrd

features of hrd

Methods and techniques of personnel planning , METHODS AND TECHNIQUES OF PE...

METHODS AND TECHNIQUES OF PERSONNEL PLANNING Planning and policy making are the two sides of the same coin. They are complementary and supplementary to each other. A policy i

Main factors affecting human resource planning, Question 1: Human resou...

Question 1: Human resource planning (HRP) has been defined by the Institute of Personnel and Development as: "The systematic and continuing process of analyzing an organizat

Discuss the steps in writing process, Question 1: (a) Discuss the steps...

Question 1: (a) Discuss the steps in writing process. (b) Explain its usefulness in writing effective business messages. Question 2: Show the official roles of the c

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