Incentive Compensation - Week 8 Reflection

Incentive Compensation - Week 8 Reflection - Incentive...

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
Incentive Compensation
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Incentive compensation happens to be something most of us would associate with higher level employees or that of the CEO, yet many companies build incentives into the position in an attempt to retain good workers. For example health or dental insurance, paid time off, a 401K, or even stock options are all forms of incentive compensation. Though not all jobs offer the items that were listed most will receive paid time which is meant to allow the employee a reward for their hard work and give them a relaxing break from their daily grind. Rarely would an employee look at health insurance provided by the company as being a form of incentive compensation, but it is a way that the company can increase the perks for a position while not having to increase the salary. There are benefits and drawbacks to using incentive compensation for employees, some of these may be industry specific. For some industries the company will institute a bonus system that may or may not be tied directly to the
Background image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 11/01/2011 for the course MBA 575 taught by Professor Dr.tvorik during the Spring '11 term at St. Leo.

Page1 / 5

Incentive Compensation - Week 8 Reflection - Incentive...

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online