ADMS 2600 Lecture 10: CH10 book powerpoint notes

• School: York University
• Department: Administrative Studies
• Course: ADMS 2600
• Professor: Anne Chow

Document Summary

Discuss the basic requirements for successful implementation of incentive programs. Identify the types of and reasons for implementing individual incentive plans and discuss under what conditions individual incentives are appropriate. Indicate the advantage of each of the principal methods used to compensate salespeople. Identify the key aspects of team and group-level pay-for-performance plans: chapter objectives. After studying this chapter, you should be able to. Differentiate between profit-sharing plans and explain the advantages and disadvantages of these programs. Describe the main types of employee stock ownership plans and discuss their advantages to employers and employees: strategic reasons for. Variable pay: tying pay to some measure of individual, group, or organizational performance. Identify important organizational metrics that encourage employee behaviour. Involve employees: find the right incentive payout, establish a clear link between performance and payout, administering incentive plans. Straight piecework: an incentive plan under which employees receive a certain rate for each unit produced.