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Unformatted text preview: goals in the time allotted. Every three months an employee's performance is evaluated and rewarded accordingly by upper management. Pro's Con's keeps employees motivated and focused short-term makes the reward seem more real sometimes quantity overpowers quality objectives may seem out of reach or rushed The vacation bonus is a long term incentive plan. New employees receive one paid vacation day for every six months they are employed (receiving up to six vacation days a year). Pro's Con's keeps employees motivated and focused a reliable bonus a long time at a slow pace to earn full reward On a more personal note; I believe, with the combination of these three incentive plans all put in motion there would be a positive outcome for the whole organization. There is a mixture of long-term and short-term incentive plans to keep the employee intrigued enough to reach for higher goals....
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This note was uploaded on 06/30/2011 for the course HRM 240 GROUP ID: taught by Professor Karlynnedennis during the Spring '10 term at University of Phoenix.
- Spring '10