Good incentive payment scheme

Assignment Help Business Management
Reference no: EM131296620

The British government offered physicians incentive pay to offer better customer (patient) service, such as managing appointments better. In particular, physicians can score "points" by seeing a patient within 48 hours after making an appointment. This year, each point brings £75; next year, it will be £120. Do you think this is a good incentive payment scheme?

Reference no: EM131296620

Questions Cloud

Affect the hr manager hiring decisions : What are the Type I and II decision error costs? Which decision error is more likely to be discovered by the CEO? How does this affect the HR manager's hiring decisions?
What objectives would kaplan have for its survey research : What survey objectives would ACT have in asking colleges how they use its essay test? What objectives would Kaplan have for its survey research?
What is the purpose of customer satisfaction measurement : What type of custom survey research projects might Walker Market Research and Analysis conduct for its clients?- What is the purpose of customer satisfaction measurement?
What is the quoted annual yield-to-maturity for the bonds : The bond is currently selling for $1127. The bonds may be called in 4 years for 112% of par value. What is the quoted annual yield-to-maturity for these bonds?
Good incentive payment scheme : In particular, physicians can score "points" by seeing a patient within 48 hours after making an appointment. This year, each point brings £75; next year, it will be £120. Do you think this is a good incentive payment scheme?
How would you address peoples doubts : Was an online survey the best medium for a poll on this subject? What were some pros and cons of conducting this poll online?
What historical financial information help you make decision : What historical financial information helped you make your decision - ratios, growth rates, margins, projections, competition? What role does risk play and how do you account for it in your analysis?
Velocity of money circulation : During the 1960s, 1970s, and 1980s, the velocity of money circulation (of M2) was constant. The growth rate of real GDP slowed from 5 percent annual growth rate in the fast-expanding 1960s to a more moderate pace of 3 percent annually during the 1..
What means should be used to obtain a high response rate : What type of survey-personal interview, telephone interview, or mail survey-should be selected?- What sources of survey error are most likely to occur in a study of this type?

Reviews

Write a Review

Business Management Questions & Answers

  Fmc corporation fmc green riverwill your motivation

fmc corporation fmc green riverwill your motivation recommendations for fmc green river be effective at other

  Host a web-based application

Your company is considering a move to Microsoft® Azure or Amazon Web Services to host a web-based application.

  Find productivity improvement by reducing materials cost

CD players are produced on an automated assembly line process. The standard cost of CD players is $150 per unit [labor $30, materials $70 and overhead $50] the sales price is USD 300 per unit.

  Primary components of a strategic management process

Describe the primary components of a strategic management process, and indicate why a strategic management process is needed for a company

  Competitive business environment high amount of stress

In this highly competitive business environment high amount of stress and importance is being given to make public relations which is nothing but a way to manage the flow of different types of information between the public or between the organiza..

  Examine the different approaches to innovation

Examine the different approaches to innovation discussed in this chapter to determine which approach you think would be the greatest value

  Organizational chart of the major functional areas

In Microsoft Word, develop an organizational chart of the major functional areas for a large, full service hotel. Write a paragraph explaining the organizational structure of the hotel and discuss why the major functional areas have become a best ..

  Explain how employees react in situations where dilemma

Organizational culture refers to the core values shared by the company’s top-level managers but not necessarily accepted by lower-level employees who are often transitory and not committed to the organization.

  Managing financial resources

You wish to have $40,000 to purchase a new boat in six years. How much do you have to save at the end of each year to reach this goal if you earn five percent a year on your savings?

  Show the concepts and processes of recruitment

Show the concepts and processes of recruitment, selection, training, and development

  The complaint asserting that the communications decency act

MySpace sought to dismiss the complaint, asserting that the Communications Decency Act immunizes the company from liability. What was the result?

  Explain human rights issues present by pharmacares treatment

Analyze the human rights issues presented by PharmaCARE's treatment of the Colberia's indigenous population versus that of its executives.

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