Nobody downloaded yet

What's The Incentive - Case Study Example

Comments (0) Cite this document
Summary
As noted in the case study, the existing pay and reward package of engineers in the specific organization has been developed through negotiations between the employer and the engineers’ union five years ago. Since then, important changes have been introduced in the…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER97.1% of users find it useful
Whats The Incentive
Read TextPreview

Extract of sample "What's The Incentive"

Download file to see previous pages The terms of employees’ payment within each organization have to be based on specific criteria: emphasis needs to be given on equality among employees so that conflicts in the internal organizational environment are avoided (Laffont and Tirole 1993). In the case of pay and reward pay package of engineers a significant dilemma appears: is this package fair, taking into consideration the changes developed in the organization since its introduction? The answer should be negative. The specific view can be justified through the following argument: the visits of engineers to the depot have been a key part of their position, meaning that their payment would be significantly lower if they were not obliged to visit the depot. In other words, the terms of engineers’ pay and reward have been arranged in this way mostly because engineers had to visit the depot many times each time, a fact that would reduce their free time for making calls to sites. It is for this reason also, that the term for a visit of at least 4 sites and the provision of reward for visiting extra sites was set in the agreement between the employer and the engineers’ union. The above agreement would not be valid today since the working conditions of engineers have been significantly altered so that a key feature of their daily tasks, the need for visiting the depot, has been eliminated. Being considered as valid, the above agreement can lead, in the short or the long term, to severe turbulences within the organization, at the level that other employees have not been favoured from similar advances in their daily tasks.
From another point of view, the current pay and reward package of employees leads to another concern: the employer had suggested such package on the terms that the daily calls of engineers to sites could not be over a particular number. This means that having to visit the depot on a daily basis, engineers could not visit many sites each day; for this reason, 4 sites have ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“What's The Incentive Case Study Example | Topics and Well Written Essays - 2000 words”, n.d.)
What's The Incentive Case Study Example | Topics and Well Written Essays - 2000 words. Retrieved from https://studentshare.org/miscellaneous/1593204-whats-the-incentive
(What'S The Incentive Case Study Example | Topics and Well Written Essays - 2000 Words)
What'S The Incentive Case Study Example | Topics and Well Written Essays - 2000 Words. https://studentshare.org/miscellaneous/1593204-whats-the-incentive.
“What'S The Incentive Case Study Example | Topics and Well Written Essays - 2000 Words”, n.d. https://studentshare.org/miscellaneous/1593204-whats-the-incentive.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF What's The Incentive

Incentive Plan

...in the first quarter of 2001, based on meeting profit targets for the year 2000. Payments have continued to occur on a similar timeline since then with 2010 incentives being paid out in regularly scheduled paychecks distributed on February 17 or the first paycheck after that date for employees paid on a different schedule (Boeing, 2011a). The basis for receiving the incentive is predicated on how well the company did financially, how outside events affected the company, and if the company met its’ targets. The company states that its targets “are very demanding” and align with the goal to provide total shareholder returns in the top quartile of the S & P 500 companies (Boeing, 2011b,...
2 Pages(500 words)Research Paper

Business - Incentive Plans

...?The United s Army faces a number of unique human resources challenges, given the service that the organization as a whole provides to society. The Army, as an arm of the federal government, is a nonprofit agency that offers compensatory incentives to employees to encourage greater service to meeting organizational objectives. However, unlike other organizations, there is a high amount of risk that employees face when working within the Army that is unique to their organization, which means incentive programs must factor in the rational decision-making of Army veterans in order to be effective. Indeed, the distinctive challenges faced by the U.S. Army in terms of human resource management...
3 Pages(750 words)Term Paper

Incentive Plans

...Incentive Plans Introduction Incentive plans are conventional employee motivational tools employed to enhance organizational productivity. According to management theories, incentives, particularly financial incentives are the best way to improve employee contributions to the organization. This paper will discuss two incentive plans, namely salary plans and commission plans, with respect to their advantages and disadvantages. Salary plans Under salary incentive plans, employees are paid a fixed rate of compensation regardless of the organization’s sales volume. Salary incentive plans are best suitable when organizations...
3 Pages(750 words)Research Paper

Incentive systems

...and improved relation between the labor and management. In context to these three basic objectives, an organization must put its focus on the rewarding efficiency and reducing production costs. References GLOBERSON, S., 1985. Performance criteria and incentive systems. Amsterdam, Elsevier. KRESSLER, H., 2003. Motivate and reward performance appraisal and incentive systems for business success. Houndmills, Basingstoke, Hampshire, Palgrave Macmillan. http://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&db=nlabk&AN=101426. KRO?NIG, J., 2001. Do incentive systems for knowledge management work?: an empirical study on the design and influence of...
6 Pages(1500 words)Essay

Employees Incentive System

...://www.haveagreatday.com/Employee-Incentive-Programs.htm#Our%20Incentive%20Program%20Features Micco, L. (1997). Manufacturers urge partnership to overcome skills gap among workers. H R Pagoaga, J. & Williams, J (1993). Dynamic pay initiatives. Hospitals & Health Networks,67(September 5): 22-29. "Reward and punishment." (3 September 2004). Retrieved Feb. 14, 2006, from http://simple.wikipedia.org/wiki/Reward_and_punishment Rubino, J. (1995). Achieving true "pay for performance": A comprehensive approach, Journal of Compensation & Benefits; 10: 38-43. Schraeder, Mike, and J. Bret Becton. (n.d.). An Overview of Recent Trends in Incentive Pay Programs. Retrieved Feb. 14, 2006, from ...
14 Pages(3500 words)Essay

Incentive Plan

...Topic :Incentives Plan d. March 18, 2008 Serena is a new Restaurant opened at sea side in southeast Kittakyosho of Japan. It is a small fast food Restaurant serving the local Japanese population and visitor from across Asia. The city is famous for serene environment, visitor attraction and fish and chips foods available 24 hours. The restaurant is a new addition to the available food sites on the southern hemisphere of Japan. This restaurant was started in July 2007 with a staff of 100 employees. The main chefs and management staff make only 10% of the employees. The other 90% employees are young boys and girls below the age of 30 years. 30% of them work in shift of six hours daily. The owner of the Restaurant does not...
2 Pages(500 words)Essay

Incentive Plan

...Incentive Plan 21 October Introduction Managing people is one of the hardest tasks of management. It is one of the most challenging function in which managers need to motivate their people to give their best. This paper talks about one outstanding company in an industry that is awash in red ink. The name of this business enterprise is Southwest Airlines. 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 in 2002 when the entire industry faced reduced demand for passenger travel due to the effects of the September 11 twin attacks the...
2 Pages(500 words)Assignment

Econmic Incentive

...Economic incentives What are economic incentives? Economic incentives are economic development laws that aim to stir growth and development in underdeveloped places. 2. At what point is efficiency achieved? How easily is efficiency in real world traditional regulatory approaches inefficient? Efficiency is attained when the stipulated outcomes have been met mostly in terms of monetary value. Traditional regulatory approaches are inefficient since they used resources in mitigating the problem while it produced little revenues. 3. Who have focused on promoting the use of economic incentives to address environmental issues? What has been done since then? The government has...
1 Pages(250 words)Assignment

Reward and Incentive System

...Reward and Incentive System Introduction Reward systems is vital system of an organization since they are essential in promoting morale or demoralizing the employees due to the feeling they will draw from the mechanism employed in rewarding different employees. However, designing a reward system that is favorable and effective for an organization faces critical challenges that might hinder or derail implementation of the reward system of Tesco Company for it executives. The challenges that Tesco is likely to face in establishing the compensation challenges have been demonstrated in the paper. Furthermore, the various practices that Tesco Company can utilize have been recommended. Reward System Challenges One of the...
4 Pages(1000 words)Coursework

Safety Incentive Program

...Safety Incentive Program Introduction Many organizations have experienced losses due to worker compensation resulting from frequent injuries due to lack of safety programs in such organizations. As a result, safety authorities have resorted to give incentives in order to entice employees to follow the safety guidelines and report injury cases. There has been a recent scrutiny and analysis of safety programs in organizations by the United States Occupational Safety and Health Administration in order to ascertain their effectiveness in the organizations. Many previous studies on safety incentive programs emphasized the undependable and anecdotal evidence that assesses the advantages and...
11 Pages(2750 words)Research Paper
sponsored ads
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.

Let us find you another Case Study on topic What's The Incentive for FREE!

Contact Us