Ferracone, R. A., & Borneman, J. P. (2001). Putting pay for performance back into incentive programs. Compensation & Benefits Management, 17(4), 29.…
Personal satisfaction would have been increased primarily based on individual achievements and not by incentives such as rewards. In my second workplace situation at my current job this would not work simply because the upper management doesn’t support nor provide funding for incentives used in attempting to motivate its employees. Instead they give evaluations that show employees clearly how their performance is viewed by their supervisor. This may be a motivation tool however, it may be received either negatively of the employee is not performing to the standards of the company. My opinion is based on what I have heard. The Store Director mentioned in meetings about how good our pay and benefits are compared to Civilian companies. I believe that the company being a government agency they have the attitude that anyone who works should be adequately motivated do solely because they are government employees. I can assume this is based on the fact that they can fill any position and can easily replace any employee who is…
“An incentive is simply a means of urging people to do more of a good thing and less of a bad thing.” This quote from Freakonomics by Steven D. Levitt and Stephen J. Dubner explains why incentives are used in modern society. They are present to motivate someone to make a decision, whether it be a positive or negative one. Many times the average person thinks of an incentive as a term they are not familiar with, or that they don’t use on a daily basis. However, people everywhere use incentives on a daily basis to get what they want, whether they realize it or not.…
them want to keep striving for more and become a great asset to the organization. As a health…
It is important to include operating employees (non-managers) in the development and use of incentive programs in order to disseminate the desired business goals. This is especially true for manufacturing companies where the operating employees play a major role in the organization reaching preset goals. Operating employees (non-managers) are able to contribute information or suggestions as to how to reach the desired results. They represent the pulse of the organization. Operating employees are aware of all situations that may prevent the organization from reaching that target goal. Extending the development and use of the incentive programs to encompass the non-managers will aid in making them think more like owners (Ivancevich, 2010). The goal of a joint committee of upper-level and lower-level employees is to insure that the operating employees (lower level) will “buy in” on the incentive programs (Ivancevich, 2010). Just rolling out an incentive program without the input of the operating managers does not make them feel as if they are an intricate part of the team.…
3. Incentives increase the productivity (or safety, or anything else you wish to promote) of members of your organization. If it is understood that increased productivity or a decrease in accidents, or longevity as a member of the organization gets fairly rewarded, then people will do their best to be productive and safe, or to remain with the organization. Bottom line, things that are reward get done.…
In “A Good Man is Hard to Find” by Flannery O’ Connor tells a bunch of events that happened in order. For an example, the story basically focuses on a series of events that is about a family’s road trip towards the south. The mother’s attitude is a bit rude and selfish. She does not want to go to Florida, so she tries to get her son to cancel the trip. She claims that Florida is a crime zone by saying “I wouldn’t take my children in any direction with a criminal loose in it.” To me, that sounds like an excuse and she is trying to start an argument with her son about it.…
These types of incentives allow people to do well and behave in a favorable manner. Once people see that they are appreciated they become a lot easier to work with and the productivity will definitely increase. Increasing the productivity level will be reflective within the entire department and all will look good due to the group effort. Positive…
We know that incentives and awards are some of the factors that motivate employees, and it is true that by nature we say that people get paid for doing their jobs and even sometimes we forget to thank them, that is why it is so important that we have a good incentive program in place because people do respond well to incentives for good performance, recognition and doing especially good work.…
Incentive Pay is an important compensation that keeps employees wanting to perform to the best of their abilities for the company. Getting paid for specific performance results is probably in my opinion one of the reasons I would stay with a company. If I feel I am doing above and beyond what is asked of me and the company is receiving revenue based on my performance, I feel I should receive incentive pay.…
Thinking about humanity nowadays and people's preoccupations made me realize the huge impact that crimes and criminal justice have on their decisions and the way they receive and react at the details and information about a crime. Television news, newspapers and magazines, they all speak about crimes, unsolved criminal problems or strange disappearances. The world's…
In my high school career I had attended a total of two high schools, both very different and both very important in helping me see the world the way that I do today.…
A painful soccer incident at the age of 13 exposed me to the world of medicine. It showed me unknown machines, procedures and practices that formed the foundation of the hospital. After I was admitted into the ER with a fractured skull, I became fascinated by the intriguing skills that the personnel performed. The duties reminded me of the very thing that got me into the situation, soccer. Every move was done with the utmost precision and accuracy. The staples were placed into my head with such carefulness, the bandages were wrapped just the right amount, not to tight and not too loose. I experienced a dual feeling, one of familiarity and one of unusualness. I was used to the meticulousness but I was unaccustomed to the talk of the professionals. At 13 years old, I was profoundly captivated by medicine but I felt impotent because of my age.…
When I was eleven years old I was diagnosed with Bipolar Disorder. I had a hard time coping with the changes in my mood. Part of my healing process consisted of trying many different medications, therapies, and developing the desire to heal. During this time, friends I had for many years pushed me away, and although I felt alone and confused at times, I came out thriving. Bipolar Disorder is a mood disorder thought to be caused by chemical imbalances in the brain that can result in extreme swings in mood—from manic highs to depressive lows. To be diagnosed with bipolar disorder, you must have experienced a high period (mania). Bipolar mania is described as an “extreme high,” or feeling unusually great. Most people with bipolar disorder when ill or when symptomatic experience more lows than highs. Unfortunately, the lows I experienced were so extreme that the friends I thought would be by my side through anything chose to follow other kids and use my disorder to bully me creating deeper depression. Initially, I felt stigmatized by my diagnosis. Most people I encountered either didn’t know what bipolar was or how to interact with someone suffering with the disorder. Teachers, peers, and family members had a hard time knowing what to say or how to act around me. I started to feel like I was no longer my own person but just one big disaster and my mood swings became even more extreme as a result. Eventually, I grew tired of feeling sorry for myself and began my quest for the right medication, vitamins, nutrition, psychological and spiritual health and wellbeing. I found my inner strength and courage. I put my energy into school, new friendships and family and started…
During this dire economic times, the emphasis on quality accounting and finance practice is greater than ever. These two areas have been my area of focus in my education and career goals. I am looking to take another step towards my aspirations by gaining more knowledge through enrolling in the MSc Accounting and Finance program. I believe I have what it takes to do well as well as contribute to LSE during my graduate study.…