BUS 3000 Chapter 12: Chapter 12 Human Resources.docx

50 views5 pages

Document Summary

Productions standard usually developed by industrial engineer. More than 80% of canadian employers have one or more type of variable pay plans in place. Today"s efforts to achieve the organization"s strategy through motivated employees include financial incentives, pay-for-performance, and variable compensation plans. Variable pay: any plan that ties pay to productivity or profitability. Accurate performance appraisal or measurable outcomes is a precondition of effective pay-for-performance. Another important factor us line of sight or the extent to which an employee can relate his/her daily work to the achievement of overall corporate goals. Individual incentive programs give income over & above vase salary to certain exceeding employees. Informal incentives may be awarded for accomplishments that aren"t readily measured by a standard. Group incentive programs provide over & above base salary to teams who excel. Organization-wide incentive plans provide monetary incentives to all employees of the organization. Non-monetary recognition program motivate employees through praise and expression of appreciation.

Get access

Grade+20% off
$8 USD/m$10 USD/m
Billed $96 USD annually
Grade+
Homework Help
Study Guides
Textbook Solutions
Class Notes
Textbook Notes
Booster Class
40 Verified Answers
Class+
$8 USD/m
Billed $96 USD annually
Class+
Homework Help
Study Guides
Textbook Solutions
Class Notes
Textbook Notes
Booster Class
30 Verified Answers

Related Documents

Related Questions