I would choose to use the incentive pay if I had the opportunity to use any structure of which I bel

I would choose to use the incentive pay if I had the opportunity to use any structure of which I bel

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I would choose to use the incentive pay if I had the opportunity to use any structure of which I believe would be the most beneficial for my company. A Tennessee nursery grower once made a statement that I find very useful when making my decision. “My labor costs went down 50 percent for the same amount of production . ... The hard-working person was making [twice, on a per hour average, than the slower ones]. (Gregorio Billikopf, 2006). I felt that his statement along with my own personal experience with Structured Incentive pay speaks volumes of what I believe works the best. An example of my personal experience, is the job that I currently have, I have been making an hourly wage since my start date, which was not long ago. I made an X amount hourly, and that was what I could depend upon making each and every week. I needed to count no morel, nor no less, which can be unchallenging, and lacking opportunity for economical growth. My manager (owner of the company), held a meeting this week, informing us that the
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Unformatted text preview: hourly wage is changing to incentive pay effective within a few days. Most people were upset because understandably, they were unsure of the new pay structure, however I had been on incentive pay in my past, and was aware of its benefits, and therefore my attitude was on a positive level regarding the new pay structure. I understand that this means, I have more control over my pay, and I could pay more if I tried harder. In the old pay plan, such as as hourly wage with no other incentive, allows for no growth, motivation, and it is bad for the employees and for business. I feel that revenue rises, attitudes change, and incentive pay, quickly wean the bad seeds out of a company, and it also scares off the weak links. It motivates those who want to succeed and not just come to work for a pay check. It challenges the employees, and it also makes them work harder, as they are working toward receiving a reward/incentive....
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This note was uploaded on 11/02/2011 for the course BUS bus 210 taught by Professor Unknown during the Summer '09 term at University of Phoenix.

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