Research and discuss at least two different types of incentive plans
Research and discuss at least two different types of incentive plans discussed in the text. Highlight the possible advantages and disadvantages of each. Find at least two articles that discuss incentive payment plans. Summarize your findings in a 3 page paper.
Opening line: Incentive plans aim to attract, retain, and motivate skilled and talented employees.
Financial Incentives
References:
Lovewell, D. (2011). TOTAL REWARD: A totally rewarding strategy. Corporate Adviser, , 39. Retrieved from http://search.proquest.com/docview/858316608?accountid=32521
Risher, H. (2012, Jun 18). Current bonus practices are indefensible.Federal Times. Retrieved from http://search.proquest.com/docview/1022923743?accountid=32521
Hook, L. (1980). Cafeteria benefits plans prove to be effective recruiting and incentive tools. Risk Management, 27(6), 54. Retrieved from http://search.proquest.com/docview/226985383?accountid=32521
Incentive benefits used to motivate employees. (1988). Employee Benefit Plan Review, 43(3), 62. Retrieved from http://search.proquest.com/docview/216871360?accountid=32521
A differing view: Incentive programs do work when structured properly. (2011). Credit Union Journal, 15(2), 8-n/a. Retrieved from http://search.proquest.com/docview/876086960?accountid=32521
……………………..Answer preview……………………
Incentive plans aim to attract, retain, and motivate skilled and talented employees. It is thus a formal scheme to improve the behavior of a specific group of people. Thus the main aim of these plans in to stimulate the employees to perform. A good incentive plan should not cost a lot. There have been thought to be many types of giving incentives to the employees in the organization…………………….
APA
961 words
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