Types of incentive schemes, HR Management

Assignment Help:

Types of incentive schemes: incentive schemes are many and varied. The international labour organization (ILO) classifies all the schemes of payment by the result into four categories. They are:

1. Schemes where the workers earnings very in the same proportion as output.

2. Schemes where earning very less than output.

3. Schemes where earning very more than output.

4. Schemes where earnings differ at different levels at output.

Incomes varying in proportion to output: the chief characteristics of the Schemes where the Incomes varying in proportion to output is that any gains or losses resulting directly from a worker's output accrue to him / her (leaving to the employer any gains or losses in overhead costs per unit of output). In contract, when the worker is paid by the hour, day or month, all gains or losses resulting from changes in his / her output accrue to the employer.


Related Discussions:- Types of incentive schemes

Human resource management problem, One of the key skills of management is t...

One of the key skills of management is the ability to research and report upon a particular problem or issue. You are required to write a dissertation based around a human resource

Human resource management, Discuss that technological breakthrough has brou...

Discuss that technological breakthrough has brought a radical change in HRM

Perfomance, Difference between Productivity and performance

Difference between Productivity and performance

Course5, effective human resources management depends upon sound reward sys...

effective human resources management depends upon sound reward system.comment

Theories of leadership , Comment on the various theories of leadership and ...

Comment on the various theories of leadership and comment on which model can best be applied to your organisation.  Take a particular team and making reference to what is considere

Asighnment question, what is line balancing? what happens if balanceing no...

what is line balancing? what happens if balanceing not exist

Limitations of an e-selection system, Question 1: (a) Discuss the main...

Question 1: (a) Discuss the main issues you would consider when implementing an online recruitment system in an organization. (b) Explain briefly two possible limitations

Identifies users of hr services, Identifies Users of HR Services 1. Id...

Identifies Users of HR Services 1. Identifies at least 3 users of HR services internal to your organisation and for each of them at least 2 key needs 2. Explain how HR 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