Employees Incentive System - Essay Example

Only on StudentShare

Extract of sample
Employees Incentive System

"These collective risks are being operationalized in incentive programs that often impact as much as 30% of a manager's income" (Tully, 1995; Schraeder and Becton, n.d.).
As the threat of global trade liberalization looms, "competitive pressures" on business organizations will continue to expand. Therefore, business organizations must take the necessary steps in order to become more "innovative, productive, and efficient". [In order to remain more competitive], business organizations have to make use of all its "resources" in order to maximize the usefulness of its "operations" (Scharaeder and Becton, n.d.). And labor, being the most essential part of expenditure of the business, must be utilized to the fullest by developing and adopting "compensation strategies such as incentive programs [in order to] align individual motivation and goals with the objectives of the organization (Scharaeder and Becton, n.d.). This caused the organizations to "continually faced" with problems of maintaining and energizing excellent employees and "elevating additional business units into the upper echelon of excellent performance". ...Show more


With the advent of globalization, there is an ever increasing pressure on business organizations to be more competitive, productive, and efficient more than ever. Such pressure is more evident in the way business organizations are managing and utilizing their employees since the challenges faced by companies are also shared by the employees (Schraeder and Becton, n.d.)…
Author : qlind
Employees Incentive System essay example
Read Text Preview
Save Your Time for More Important Things
Let us write or edit the essay on your topic
"Employees Incentive System"
with a personal 20% discount.
Grab the best paper

Related Essays

Incentive pay as a way of compensating employees
However, some employers decide to pay their employees in forms of products or a family vacation. Compensation can be distributed as extrinsic or intrinsic rewards. Intrinsic compensation is constructive reinforcement that can reflect an employee’s state of mind while performing their given tasks and duties (Joseph).
10 pages (2500 words) Essay
Incentive Plan (Evolution of Management Class)
The management should not only manage organizational affairs but also take care of employees and their problems in order to ensure that the employees perform better in their assigned tasks. The management has to take care of human needs when dealing with its employees (Dessler, 2000).
3 pages (750 words) Essay
Employees' Benefits
Justification The major problem faced by employees is the cut back of incentives provided to them which includes cut back of discount offered on employee stock purchase plan from 15% to 10%, cutting back of maternity leaves from 12months to 6months and making short the vacation time, and declining annual bonuses.
4 pages (1000 words) Essay
Incentive systems
Thus, individual performance should receive attention and reward that is due. This aids in maintaining the difference between an average or bad worker and a good worker. The benefits of the quality work done ought to be shared between the organization and the employee.
6 pages (1500 words) Essay
Reward System and Employees Performance
This proposed research would focus on a particular case study within a major UK superstore to understand the impact of rewards, incentives and performance appraisal on employee motivation and performance. The organization chosen here is Marks and Spencer, a leading name in retailing within UK.
7 pages (1750 words) Essay
Pay-for-performance: incentive rewards
This tool is also used when it comes to self assessment of an employee. “360 degree feedback allows each individual to understand how their effectiveness as an employee, co-worker,
8 pages (2000 words) Essay
Topic: Decision Rights: Bundling Tasks into Jobs and Subunits + Attracting and Retaining Qualified Employees + Incentive Compensation
The transition which has occurred from the traditional functional units towards units that have decision rights has resulted in increase of success rate for J&J. The advantage of decentralized decision making is that it provides the lower level managers
2 pages (500 words) Essay
Why incentive plans cannot work
The efficacy of incentive plans is often questioned because of the growing empirical evidence against it. It is assumed that a person can be motivated to work harder by offering rewards. The article under question is
4 pages (1000 words) Essay
Case Study: Best Laid Incentive Plans
In this, essay I will describe how the four frames are manifested in Rainbarrel Company. The four frames are: Structural frames, Political frame, Symbolic frame and Human Resource frame. The structural frame describes an organization or a company in terms
5 pages (1250 words) Essay
W3 Disc Incentive Programs
Enlistment bonuses were noted to include: “both cash bonuses and other education and financial incentives. Army recruits can get bonuses for choosing a high demand military occupational specialty (MOS), for selecting a specific date to begin basic training, for being
1 pages (250 words) Essay
Get a custom paper written
by a pro under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email