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Topic 9B: Pay for Performance and Financial Incentives - Coggle Diagram
Topic 9B: Pay for Performance and Financial Incentives
Money and Motivation
Edward Deci
Victor Vroom
Fredrick Herzberg
B.F. Skinner
Frederick Taylor
Definitions
Pay-for Performance
Variable Pay
Dual-career ladders
Performance Feedback
Golden parachutes
Individual Incentive Plans
Pros and Cons of piecework plan
Social Recognition
Incentives for Salespeople
Incentives for Managers and Executives
Factors/Determinants
Team Incentives- 3 formulas
Team and Organization-Wide Incentive Plans