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
In this section we will review how teams are designed and how they can be optimally supported on the road to effectiveness. There are three levels of inputs that will be discussed

i need the collins review on chnaging roles of human resource department HR management please

Do you think your grades accurately reflect your ability If you have high grades, the answer obviously is "yes".  If you don’t, say no, but describe other things which do demon

Problem: (a) What is Human Resources Management? (b) Analyse and describe at least Two of its most critical functions and show the kinds of implications that they may have

Triangulation: As you will have realised, there are a large number of individual methods of data collection that can be used for a case study. Each have their strengths and we

Only by developing and implementing systems and mechanisms to assemble package, store and distribute the fruits of its thinking will an enterprise be able to transform its knowledg

Motivation Motivation is the willingness to exert higher levels of effort toward company targets. Commonly it is conditioned by the efforts and capability to satisfy some indiv


define workflow in detail?

Problem 1 Explain the importance of Human Resource Management (HRM). What are the objectives and features of HRM? Meaning of HRM Importance of HRM Objectives of HRM