PPT of Incentives Plans
PPT of Incentives Plans
PPT of Incentives Plans
By:
Sheeba Rehman
Incentives Programme
Wage incentives include all the plans that
provide extra pay for extra performance In
addition to regular wages for the job.
Balanced Scorecard
Productivity / Gain-
Sharing
Team / Group
Incentives
Short Term Pay-for-Performance
Plans
Merit Pay
Lump-Sum Bonuses
Individual Spot Awards
Individual Incentives
Long-Term Incentive Plans
Gain-Sharing Plans
Profit Sharing Plans
Earnings-at-Risk Plans
Individual Incentive Plans
Method of Rate Determination
Units of production per Time period per unit of
time period production
(1) (2)
Pay constant function of Straight piecework plan Standard hour plan
production level
Bedeaux plan
Relationship
between
production level (3) (4)
and pay
Taylor differential piece Halsey 50 - 50 method
Pay varies as function of rate system
Rowan plan
production level
Merrick multiple piece
Gantt plan
rate system
Types of Incentives Plans
The ILO classifies all the schemes of payment by results into
four categories:
Earnings vary Earnings differ
Earnings vary
Earning vary in Proportionately at different levels
less
the same proportion of output
proportionately More than outputs
as output
than output