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Unformatted text preview: XCEL Energy Pays for Employees who Excel 1 Running head: XCEL Energy XCEL Energy Pays for Employees who Excel Terri Chichester Kaplan University MT203: Human Resources Management Dana Williams March 21, 2011 XCEL Energy Pays for Employees who Excel 2 XCEL Energy Pays for Employees who Excel Introduction Throughout this case study the benefits of implementing a merit program will be discussed along with other options that would help to keep an incentive program successful. Finally options will be discussed, like profit sharing and stock options. Which one is the better option for Xcel to implement? Well that would have to be up to the organizations management after conducting an analysis of the situation. Review/Analysis of the Case Xcels management conclusion to switch to merit pay system instead of paying for suggestions is actually a good decision for their organization. While many of the suggestions that were received were implemented and then rewarded, a merit pay system will be a better incentive program for...
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