Types of incentive schemes, HR Management

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.

Posted Date: 6/21/2013 6:25:21 AM | Location : United States







Related Discussions:- Types of incentive schemes, Assignment Help, Ask Question on Types of incentive schemes, Get Answer, Expert's Help, Types of incentive schemes Discussions

Write discussion on Types of incentive schemes
Your posts are moderated
Related Questions
Illustrate the important factors of knowledge management In developing a KMS it is essential to take into account the following factors: 1) KM does not come cheap. 2) Eff

Question 1: (a) What is Organisation Behaviour? Use your own words to define the concept. (b) Describe carefully the four approaches to organizational behaviour. Ques


INTRODUCTION : In modern days an office acts as information centre. It is a place where information is collected, processed, stored and made available for the conduct of various a

Q. Manpower inventory of human resource planning? The quantity and quality of the human resources should be stressed in a balanced manner. The emphasis should be on filling fut

Q. Self recoding of diary for the job analysis? Self recoding of diary: in this method the job incumbent is asked to record his diary activities each day using some type of log

Problem: (i) Define communication? (ii) Why do we see the world differently? Why do differences in perception occur? (iii) Can culture influence the accuracy of our perc

analyse the applicability of David guest model in human resources management today.

How teachers get deployed?

Question 1: Analyse the benefits one could get from project financing • Allows the promoters to undertake projects without exhausting their ability to borrow amount for trad