We talked about different types of incentives that managers give to employees. Those are piecework rates, standard hour plans, merit pay, individual bonuses, and sales commissions. It was very interesting to hears the pros and cons of each. Many of these incentives are very positive but at the same time can become not fair to the employee.
It is very interesting to work in an organization and to motivate the employee, managers give incentives to their employees. I believe any employee loves getting incentives specially when it is about money. Specially in today's economy, money is a big issue. Managers need to make sure those incentives are worthwhile for the employees.
Subscribe to:
Post Comments (Atom)
Very true. For the employee, more incentives means they will be more willing to do things, or that is what we hope. There are many ways to make more incentives to motivate employees but after they have gotten used to them then they will expect the incentive rather than work for them. So then should an employer add more. Incentives are really interesting.
ReplyDeleteGreat Job!