BUS 272 Chapter Notes - Chapter 5: Alfie Kohn, Telecommuting, Ingroups And Outgroups
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Variable pay program is where a portion of the employees pay is based on performance. Piece rate pay plan is when you"re paid a fixed sum for each unit of production completed. Merit based pay is based on performance appraisal. Bonuses is when one is rewarded for recent performances opposed to historical. Skill based is based on how many skills employees have or how many jobs they have. Gainsharing is when improvements in- group productivity determine the amount of money shared. Profit sharing plans are where employers share profit with employees based on a formula. Employee stock ownership programs are where employees acquire stocks as part of benefits. Unions get in the way as it is based on seniority and job categories. Public sector employees that are working for local, provincial, and federal government. Flexible benefits are when employees are allowed to tailor their own packages. How to create a motivating workplace alfie kohn.