HRChapter14and15

HRChapter14and15 - Course MGMT 331 Human Resources...

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Course MGMT 331: Human Resources Management Chapters 14/15: Incentive Pay Systems Employee Benefits
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Incentive Pay Plans Relate pay directly to performance/ productivity; often used in combination with base wage Can be paid several times per year, annually or period of years (short vs. long term incentives) Individual - Group - Organizational; Managerial - Non-managerial
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Individual (Bonus) Incentives- Non-Managerial Piece Rate Plans (Differential Piece Rate Plan) for Production-type jobs Standard rates paid for each unit and additional (higher) rates for all units above output Plans based on Time saved Bonus for finishing work in lesser time Plans based on Commissions (sales-type jobs) Fixed salary plus commission based on sales volume Commission only-based salary
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Individual Incentives- Non-Managerial Bonus Rewards for high performance to be earned year by year Merit pay increase Reward for high performance, continued year by year
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This note was uploaded on 07/01/2011 for the course MGMT 331 taught by Professor Husseinchaitani during the Spring '11 term at American Dubai.

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HRChapter14and15 - Course MGMT 331 Human Resources...

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