FINC 4534-NOTES 7 - NOTES The rows in the above exhibit...

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NOTES The rows in the above exhibit note that individual employee performance also can vary. Some jobs are fairly stable, with expectations fairly consistent across time. (e.g., what I do today is the same thing I did yesterday; and tomorrow looks like a repeat too!) In other jobs, though, there might be high fluctuation in the kinds of things expected of employees, and employees willing to be flexible and adjust to changing demand are much in demand for these jobs. Here using incentive pay exclusively might not work. Incentive systems are notorious for getting people to do exactly what is being incentivized. Evidence suggests that companies are best able to get employees to adjust, be flexible, and show commitment when a broader array of rewards, rather than just money, is part of the compensation package. In conclusion, there are four questions that organizations should address: 1. How do we attract good employment prospects to join our company?
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