Pay for Performance,Incentive Rewards

Contents

• • Strategic Reasons for Incentive Plans

  • Types of Incentive Plans

  • Incentive Plans as Links to Organizational Objectives

  • Advantages of Incentive Pay Programs

  • Employee Opposition to Incentive Plans

  • Successful Incentive Plans

  • Assessing Incentive Program Effectiveness

  • Setting Performance Measures—The Keys

  • Effective Incentive Plan Administration

  • Individual Incentive Plans

  • Computing the Piece Rate

  • Individual Incentive Plans

  • Bonuses

  • Merit Pay

  • Incentive Awards and Recognition

  • Sales Incentives

  • Incentive Plans for Salespersons

  • Incentives for Professional Employees

  • Executive Compensation

  • Executive Compensation Employee Bonus and Gainsharing Plans

    • Scanlon Plan Suggestion Process

    • Profit Sharing

    • Employee Stock Ownership Plans (ESOPs)

  • Employee Stock Ownership Plans