ADMS 2600 Chapter Notes -Crown Attorney, Customer Service, Merit Pay

• School: York University
• Department: Administrative Studies
• Course: ADMS 2600
• Professor: Monica Belcourt

Document Summary

Successful incentive plans: strategic reasons for incentive plans, variable pay. : tying pay to some measure of individual, group, or organizational performance: incentive pay programs. Establish a performance threshold to qualify for incentive payments. Emphasize a shared focus on organizational objectives. Create shared commitment in that every individual contributes to organizational performance and success. Incentive plans increase organizational performance: examples of types of plans, individual: piecework, bonuses, merit pay, sales incentive, group: team compensation, gainsharing, enterprise: profit sharing, stock options, employee stock plans. Might put pursuit of justice in disrepute: must avoid criterion deficiency, ex: cannot focus on low-cost while forgetting customer service, administering incentive plans, 1. Incentive systems are only effective when willing to grant on organizational performance. Incentive payments must never be seen as guaranteed only for. November 15, 2013 execptional (not even good) performance. If average employees get incentives, there is no motivation: 2. Annual budgets must be large enough to reward exceptional performance: 3.