Types of incentive schemes, HR Management

Assignment Help:

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. There are two incentive schemes under this category.


Related Discussions:- Types of incentive schemes

Critically evaluate the systematic approach to training, Question 1: Di...

Question 1: Distinguish between Training, Education and Learning as components in the employee development process. Question 2: With the use of appropriate models, el

Human resource, what is the procedure of selecting the best human resource ...

what is the procedure of selecting the best human resource work with a project

Positional bargaining, Positional Bargaining It is an approach to negot...

Positional Bargaining It is an approach to negotiation in which each side takes a position, argues for it, and makes concessions to reach a compromise.

Disadvantages of telephone interviewing, Disadvantages of Telephone Intervi...

Disadvantages of Telephone Interviewing: a.Sampling limitations especially as a result of omitting those without telephone. b. Nonresponse associated with RDD sampling is hig

Describe the term manager, Question 1: (a) Define and explain the term...

Question 1: (a) Define and explain the term "management" (b) Answer the following by using the context of any given organization as example to support your answers: i.

How would you define the work-life balance concept, QUESTION 1 : "There...

QUESTION 1 : "There is little agreement on what constitutes work". Examine the different conceptions of work in modern society. QUESTION 2 : (a) Identify five aims of ta

Labor-intensive product with the heckscher-ohlin model, Q. Two countries e...

Q. Two countries exist in this model, R and P. P is relatively labor (L) abundant, as is evident in the bottom right horizontal axis. If Country P were to be totally specialized

Opening a new overseas office., Ask queA UK establishment, Lanx, a textile ...

Ask queA UK establishment, Lanx, a textile manufacturing company is starting up a new workshop in Delhi, India as it its determined to reduce manufacturing costs in the long run.

M COM HUMAN RESORCE MENAGEMENT, EFFECTIVE HUMAN RESOCRSE MANAGEMNT DEPENDS ...

EFFECTIVE HUMAN RESOCRSE MANAGEMNT DEPENDS UPON SOUND REWARD SYSTEM COMMENT

Training programme, Problem 1: You have just been appointed as HRD Mana...

Problem 1: You have just been appointed as HRD Manager in a well established firm specialised in the retail trade. You have been asked to carry out a Training Needs Assessment

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