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CHAPTER 10 - Pay-for-Performance Plans (Team Incentive Plans (Balanced…
CHAPTER 10
- Pay-for-Performance Plans
Long-Term Incentive Plans
Performance Plans (Performance Share and Performance Unit)
Broad-Based Option Plans (BBOPs)
Employee Stock Ownership Plans (ESOPs)
Combination Plans: Mixing Individual and Group
Pay-for-Performance
Compensation system that vary with some measure of individual, team or organizational performance.
Team Incentive Plans
Balanced scorecard
Productivity/gain sharing
Stock ownership or options
Team/group incentives
Cash profit sharing
Specific Pay-for-Performance Plans: Short Term
Individual spot awards
Individual incentive plns
Merit bonuses ( lump-sum bonuses)
Merit pay
The Choice between Individual and Groups Plans
Organizational adaptabilty
Organizational commitment
Performance measurement
Union status
Gain Sharing Plans
Rucker plan
Improshare
Scanlon plan