We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

Design a Pay for Performance Incentive Awards Program - Assignment Example

Comments (0)
Summary
Money is among the primary reasons that compel people to work. As such, with effective management remuneration is the most cost effective way of motivating employees thus enhancing productivity in…
Download full paper
GRAB THE BEST PAPER
Design a Pay for Performance Incentive Awards Program
Read TextPreview

Extract of sample
Design a Pay for Performance Incentive Awards Program

Download file to see previous pages... program that will run for five years within the organization seeks to maximize productivity besides developing an appropriate mindset among the employees. This way, the program is not only a short-term project but also a long-term motivational project.
As discussed, the program will incorporate all the employees within the company including the top-level managers to the junior employees. In order to implement the program appropriately, the implementation will therefore vary depending on the employees. Just as the title suggests, the program seeks to reward productivity. Each level of employee has specific goals that the program will strive to achieve. In the top-level management for example, the program seeks to enhance creativity, intuition and management prowess. In middle level management, the program seeks to enhance both obedience and problem solving skills while in the junior employees of the organization the program seeks to enhance both competition and hard work. This way, the program enhances the overall productivity of the entire organization.
Preliminarily, the program will ensure that all the employees within the organization are capable of undertaking their different roles. This complements the objective of the program since it seeks to reward productivity. The employees must therefore meet the qualifications set for their different roles a feature that ensures that they are capable of undertaking their roles within the organization. Furthermore, qualifications ensure that the employees are capable of meeting the obligations of their respective positions besides enhancing the ease of management. Top-level management must have appropriate qualifications. Managers make decisions daily operations within the organization through the formulation and implementation of policies. As such, they must have both the appropriate education and professional training to enable them make such appropriate decisions. The performance reward program will acknowledge the ...Download file to see next pagesRead More
Comments (0)
Click to create a comment or rate a document
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
The impact of Pay for Performance program
According to the research findings the facts and figures regarding the impact of Pay for Performance program are understandably quite limited. Since it is a relatively fresh program, a careful thought has to be put in about the type of research needed to truly understand its impact on health care practices.
8 Pages(2000 words)Assignment
Plan Evaluation for Design Program
The sole purpose of this evaluation is to highlight and demonstrate the benefits versus the shortcomings of adopting this new mode of study. The data will be collected from teachers who will provide summative and formative information from the assessment of students.
5 Pages(1250 words)Assignment
Pay for Performance Healthcare Quality Initiatives
The programs cover different aspects of healthcare services that include adoption and implementation of the advanced health technology, experience in handling the patients, safety, patients’ satisfaction, and administrative contact. Pay for Performance helps in ensuring appropriate and efficient use of resources and cutting down unnecessary healthcare costs.
3 Pages(750 words)Assignment
Compensation Practice
It provides financial services starting from investment to corporate banking and equity execution services. In United States it has about 57 million customers and small businesses, which enjoys services from approximately 5,700 retail banking offices and almost thousands of ATMs spread all across the country.
6 Pages(1500 words)Assignment
English for Special purposes program design
The needs of this particular group of students are related to a certain level of English that hey require (average) and unique vocabulary that they need to know as per their specialization request. The group targeted for this program is a standard university group consisting of 25-30 students.
6 Pages(1500 words)Assignment
Staff Retention Strategy
The most talented professionals often are courted by other businesses, and the effects of turnover can be costly. The time and money it takes to recruit, rehire and retain can quickly cut into a firm's bottom line. In the twenty-first century employment world managers must look at the foundations of retention through the eyes of potential employees.
16 Pages(4000 words)Assignment
Incentive Plan
It is very famous for its low fares which are 30% cheaper compared to other airlines for the same route (Hill & Jones, 2009, p. 105). It is very notable that this relatively small airline company makes profits even during bad years, such as
2 Pages(500 words)Assignment
Linking pay to employee performance ( related pay performance )
icant portion of his total cost of operations; pay can be used to improve employees’ performance and as a result organisational effectiveness, and also has an impact in attracting and retaining an effective workforce. For the employees, compensation has a direct effect on
12 Pages(3000 words)Assignment
Program Evaluation Design
The vision of the pancreatic cancer action network is to double the pancreatic cancer survival rate by 2020. This organization plans to
6 Pages(1500 words)Assignment
Econmic Incentive
It has established laws that aim to protect the ecosystem, endangered species, natural resources, and wildlife. For instance, it uses economic incentives such as taxes, fees, and permits to encourage adherence to environmental
1 Pages(250 words)Assignment
Let us find you another Assignment on topic Design a Pay for Performance Incentive Awards Program for FREE!
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us