Professional Documents
Culture Documents
LEARNING OBJECTIVES
Understand the main incentives for operations employees Understand the main incentives for managers and executives Understand the pros and cons of incentives for salespeople Most popular variable pay plans Steps in developing effective incentive plans Understand employees benefits and services
INCENTIVES- MANAGERSContd.
Managers performance bonus: - Bonus for managers is either individual or corporate performance based on both - Split it with part based on individual performance rest on corporate performance - Never give outstanding performers too little - Never give poor performers normal awards