Recognition Of Employee Contributions - HRM 500

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HRM 500 March 16, 2014 Recognition of Employee Contributions
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 Incentive proposal is to promote and endorse specific behavior and actions  It is a part of Employee Motivation Program  Incentives can be Financial , Semi - Financial or Non - Financial as well as individual and group  The objective of the incentive plan is to achieve maximum results and boost productivity Introduction
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• It is important to fix the duration of incentive to maintain the focus • The employees should be reminded of it so as not to lose sight of their aim • Highly decentralized - different SBUs should design their own incentive schemes (Sustainable Employment Motivation., 2013 ). Objectives
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• The results - only base of performance should be separate from the fixed pay • Increase the motivational importance of incentive • Base pay doesn’t become high fixed cost (Barr, 2004) OBJECTIVES Continued
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1. B ased on the ratio of number of students being enrolled by an employee to the total number of students enrolled. This would help in motivating an employee to enroll more students by taking hands - on measures 2. Quality and background of students being enrolled by an employee in relation with the first method. To increase the number of students, Employees would end up adding poor quality students without verifying their background Methods to determine incentive pay

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