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

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.

Guest model, evaluate the guest model in relation to the morden organisatio...

evaluate the guest model in relation to the morden organisation

Human resource information system, Human resource information system: ...

Human resource information system: An adequate data base should be developed for the human resources to facilitate human resource planning. To manage employee skills inventori

Labour Welfare measures used for employees in an organizatio, Labour Welfar...

Labour Welfare measures used for employees in an organization with

Determine the repository view of knowledge management, Determine The reposi...

Determine The repository view of Knowledge management The repository view of KM emphasises the gathering, giving, and filtering of explicit knowledge as the information held i

.., what is job analysis and job description?

what is job analysis and job description?

Strategic advantage in hrm, 1. To what extend is organizational success a f...

1. To what extend is organizational success a function of the 'human dimension'? What is the evidence that supports ur conclusion? 2. What are the current and future challenges

Mechanism of human resource management, Mechanism of Human resource managem...

Mechanism of Human resource management: Performance appraisal: performance appraisal is the process of assessing the performance and progress of an employee or of a group of e

Describe how effective marketing communication, Question (a) Describe ...

Question (a) Describe how effective Marketing Communication is delivered and maintained within the context of: i. organization's corporate goals, ii. communication nee

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