Performance and financial incentives, HR Management

Performance and Financial Incentives

The several incentive plans have benefited both workers & employers, as they outcome in higher wages, lower labour turnover & better industrial relations & morale. Merit pay is a reward depends on how good an employee has done the assigned job. The payout is based on individual employee's performance. Performance is evaluated in a subjective pattern. Profit sharing is a plan whereby employers undertake to pay a specific portion of total profits to their employees on fulfilment with sure service conditions and qualifications. Under employee stock option strategy, the suitable employees are allotted company's shares below the market cost. The term stock option implies the right of suitable employee to buy a certain amount of stock in future at an agreed cost. The eligibility criteria might include contribution to the department/ division where the employee works, length of service, etc.

Posted Date: 11/17/2012 12:36:12 AM | Location : United States







Related Discussions:- Performance and financial incentives, Assignment Help, Ask Question on Performance and financial incentives, Get Answer, Expert's Help, Performance and financial incentives Discussions

Write discussion on Performance and financial incentives
Your posts are moderated
Related Questions
effective HRM depends up on sound reward system

1. Each group will write a report on how to create best workplace using effective human resources activities. 2. The report should be 15-20 pages, double-spaced, Times Roman, font

description of vice chairperson

Q. Human resource planning? Human resource planning essentially involves forecasting personnel needs, assessing personnel supply and matching demand supply factors trough perso

A Pictogram : A pictogram, as its name suggests, uses drawings related to the subject matter of the information being presented; a common unit is used and this is either repeated

Discuss how the successful mergers (the 2 mergers you identified earlier) affects the following areas of HR; • HR planning • Selection • Compensation • Performance Appraisal • Trai

Question 1: (a) Elaborate on the 4 C's of Human Resource Management and discuss the advantages that can accrue to an organization by adopting these 4 C's Question 2: (

Recruiting and selecting employees In recruiting and, selecting employees an organization may decide to recruit either from outside or promote staff who are already in the orga

Explain Internal and External Communication in an organization? Internal : exchange of information with people inside the organization. For examp

Ask questEmployee resistance to change is a symptom, not a problem in the change process. What are some of the real problems that may occur or underlie employee resistance?ion #Min