Show rewards and incentive, HR Management

Assignment Help:

Q. Show Rewards and incentive?

Rewards and incentive: an incentive or rewards can be anything that attracts a worker's attention and stimulates hi to work in the words of Burack and Smith, "an incentive scheme is a plan or programmes to motivate individual or group performance. An incentive programme is most frequently built in the monetary rewards (incentive pay or a monetary bonus), but may also include a variety of non monetary rewards or prizes". On the other hand, French says, the term, "incentive has a limited meaning that includes many kinds of inducements offered to people to perform work, or to work up to or beyond acceptable standards. It does not include:

1. Wage and salary payments and merit pay;

2. Over time payments, pay for the holiday work or differential according to shifts, all payments which could be considered incentives to perform work at undesirable times, and

3. Premium pay for performing danger tasks. It is related with wage payment plans which tie wages directly or indirectly to standards of productivity or to the profitability of the organization or to both criteria.


Related Discussions:- Show rewards and incentive

Employee relation function in modern organisations, Question 1: (a) Def...

Question 1: (a) Define the term "training" (b) According to you, which two methods of training do you find most appropriate in the field of occupational safety & health?

Explain barth variable sharing system, Q. Explain Barth variable sharing sy...

Q. Explain Barth variable sharing system? Barth variable sharing system: it does not guarantee the time rate. The worker's pay is ascertained by multiplying the standard hour

Hrm strategies, HRM Strategies Analyse the significance of HRM models fo...

HRM Strategies Analyse the significance of HRM models for the analysis of HRM strategies in MNE's in tourism, and leisure, hospitality organisations 1. Identification of HRM ap

Legal course of action, Questions: I. Janet has been in continuous em...

Questions: I. Janet has been in continuous employment with UNITEC Ltd. for 15 years. Last Monday she was called to the Manager's Office and verbally informed that she was giv

Explain maslows hierarchy of needs theory, Question 1: (a) Briefly expl...

Question 1: (a) Briefly explain Maslow's hierarchy of needs Theory. (b) Show the limitations of Maslow's Theory to managing people. (c) Show how Mc Gregor Theory might he

Describe km from a two- dimensional perspective, Describe KM from a two- di...

Describe KM from a two- dimensional perspective. KM from a two-dimensional perspective involves: Activities involved in building a learning organisation, viz., creating, col

Purpose of evaluation techniques, • Examine the importance of evaluation. H...

• Examine the importance of evaluation. How can it help to market the contribution of training and development to the business • Explore the way that evaluation need to be on-going

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

Define the tracking system in law, Define the tracking system in law. ...

Define the tracking system in law. Most cases are heard into the County Court or High Court as well as a tracking system is now utilized to decide this. Small claims track

Describe the importance of leadership, Question 1: Change has become a ...

Question 1: Change has become a prominent feature in today's business organisations. In this context, describe the role of leaders while implementing change in the organisation

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