0
The incentive portion of an employee's compensation plan should be: 1) Based on something measurable and under the employee's control. 2) Aimed at accomplishing management's goal(s). 3) A significant financial reward in relation to the effort required to obtain it. 4) Realistically obtainable. 5) Graduated so the employee receives some portion of the incentive if they get close to the goal (perhaps they receive 25% of the incentive if they hit 80% of the goal; 50% of the incentive at 90%, etc.) 6) Paid in a timely manner. 7) Evaluate in advance the incentive paid at the highest and lowest level of performance and determine if that produces the desired level of total compensation. 8) The incentive should be designed and presented in such a way that it is motivational to the employee.
What else can I help you with?
What are four important things consider while planning your garden?
When planning your garden you should consider the space you have, the sun conditions and the climate. This will help you decide what to plant and when.
What are four important things to consider while planning your garden?
When planning your garden you should consider the space you have, the sun conditions and the climate. This will help you decide what to plant and when.
When developing a flight planning area what should you consider?
You should consider someone is doing your wife while your away.
What are the four important things to consider while planning your garden?
When planning a vegetable garden, you should consider location, soil quality, size, and the amount of sunlight it should receive per day.
What are the five important things to consider while planning your garden?
sun water soil and light.
Why employee incentives not employee benefits?
Benefits are "given" while incentives must be "earned".
What are the factors to consider while introducing new products in the market?
Yes
What are the factors to be considered while starting a business?
Mechanical facilities, tax planning, location of business
What factors a financial manager consider while estimating working capital requirements of a firm?
There are many factors that a financial manager will consider while estimating working capital requirements of a firm. The main factors will include the availability of resources and the returns it will bring to the firm.
What factors to consider while checking circulation below the fracture site?
Flexibility
What are the factors of a firm consider while make or buy decision?
A successful job interview
3 While deciding about the incentives for business unit managers there should be some scope for subjective evaluation Comment?
while deciding about the incentives for business managers there should be some scope for subjective evaluation comments?
