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RECOGNIZING EMPLOYEE CONTRIBUTION WITH PAY (Pay for Individual Performance…
RECOGNIZING EMPLOYEE CONTRIBUTION WITH PAY
Incentive Pay
Pay for Individual Performance
Piecework rates
Standard hour plans
Merit Pay
Standard Hour Plan
Merit pay
Individual bonuses
Sales commissions
Pay for Group Performance
Gainsharing
Bonuses
Team Awards
Pay for Organizational Performance
Profit sharing
Stock Ownership
ESOPs
Stock Options
Balanced Scorecard
Processes That Make Incentives Work
Communication
Participation in Decisions
Incentive Pay for Executives
Long-Term Incentives
Short-Term Incentives