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pay for performance (plan) (10) (team incentives plan: (types) (group…
pay for performance (plan) (10)
what is?
compensation systems where employer pay their job incumbents based on job performance/contributions
specific pay for performance: short term
lump sum bonus
individual spot awards
merit pay
individual incentive plans
advantages
disadvantages
team incentives plan: (types)
gain-sharing plans
profit-sharing plans
large group incentives plan
earning at risk plans
comparing group & individual incentives plan
group incentives plans
disadvantages
advantages
explosive interest: long term
performance plan (performance share&unit
broad-based option plans (BBOPs)
employee stock ownership plans (ESOPs)
combination plans: mixing individual & group