Discussion Question

In order to appropriately recommend an incentive plan, one must first identify the main issues with operation at Howe 2 ski. Howe 2 Ski has experience increased competition resulting in a decreased market share. Smaller market share increases the negative impact a lack of productivity and customer dissatisfaction has on Howe 2 Ski’s profits. The decreased production of both the molders and Sales-Persons result in increased inventory and higher cost of production. Furthermore, Howe has attempted to establish an incentive pay program that has served to be ineffective and has fostered low morale within the organization.

Managers in many cases are presented with sales incentives in a retail environment. These incentives may range from free products, to cash prizes, to trips, bonuses, etc.

When I become a teacher I plan to have my students work in cooperative groups because this allows them a chance to share their knowledge and ideas with their peers. Due to the fact that most students are on different developmental levels, those students who are of higher developmental levels can provide the other students with their ideas and perception of their knowledge. I feel that teachers should not be scared to let their students participate in group work because I think it is a great method of learning.

1.) According to Lao-tzu, what must the ruler provide the people with if they are to be happy?

1. When it is difficult to determine the effect of a salesperson’s effort son sales rather than pay any incentive through commission it is better to use a bonus with salary as part of the compensation package

Correct :The philosophy of cooperation in an organization is shown by high levels of trust, two-way communication, participation, and harmonious industrial relations. The involvement system is the structure and process for improving organizational productivity using employee-staffed committees.

Group Incentive Plan: It is set in place to promote helpful, combined behavior among employees. Through this company a group incentive plan assists in nurturing relationships among their staff member, inspiring them to discover ways to collaborate in a shared environment in order to be successful. The method is able to create a stronger team, brainstorming and building a entrusted sense of project ownership for everyone.

Purpose: In Weeks 3 and 5, you submitted information to help you in completing the final project. Feedback was provided to assist you in maximizing points earned on this final paper. To properly complete this final project, you must include the feedback provided to apply to this final paper. The purpose of this assignment is to apply your critical thinking skills in completing the employee process from job analysis to compensation based on performance. You are now going to

Questions to Think About - The following questions should be answered in your journals. The purpose of these questions is to help you understand the meaning of what you are reading. Read the questions before you begin to read and think about them while you are reading.

A cell is subject to hypoxic conditions for 20 minutes, then observed under the microscope. The

Describe the differences in the incentive effects of the contracts. What are the advantages and the disadvantages of each of the contracts? Explain the reasons why one of them and not the other is used in your organization. Describe the consequences for your organization of changing the existing

Consistent and methodical communication is necessary when implementing an incentive pay plan. It will ensure employees understand what is expected of them while decreasing the likelihood

They are thinking of implement a strategic compensation plan as well as various other options that will allow its organization to focus on its strategic objectives and develop a comprehensive plan, considering base pay, short- and long-term incentives, benefits and growth opportunities. This kind of planning helps ensure that the compensation system will support the organization's long-and short-term objectives without overlap, which would have more than one pay plan driving the same objectives. The ultimate objective of this process is to ensure that the compensation system and other important facets attract and retain the desired employees and that it motivates them to do those things that support the business plan.

1. Incentive compensation is a major practice that has continually been adopted by healthcare organizations, especially for managers. Most of these organizations use this tool as a means of rewarding employees financial for outstanding performance. Generally, incentive compensation involves the use of monetary reward for managers to attain specific established goals. Therefore, incentive compensation can be a motivational tool that benefits health care managers and the entire organization because it enables managers to achieve greater compensation while promoting organizational productivity. As the Chief Executive Officer of a hospital, I would design an incentive compensation program for my management team by aligning the financial rewards with business objectives and people costs. This will involve the use of a comprehensive approach that examines basic pay, health benefits, incentive opportunities, and retirement programs. The alignment of the compensation program is geared towards promoting organizational productivity and employee motivation.

There are three main types of incentive plans an organization can be practiced. These are individual incentive plans, group incentive plans and company-wide incentive plans. Moreover, suggestion plans and positive reinforcement programs can be considered as incentive plans (French, 1990). Flexible reward systems linked to an individual employee performance called individual incentive plans. Merit pay, piece-rate pay, bonuses and special