Applied Assignment 5
Imagine you are designing an
incentive plan for your organization’s (or an organization of your choice)
middle managers. Create both short-term and long-term incentives, explaining
why you feel they will be motivating to middle-managers. Why does this group
require separate consideration?
•The analysis should be presented
in an APA format.
•The analysis should be 3-4 pages
in length, excluding the title page and reference list.
•The “Applied Assignments Scoring
Rubric” can be found in Doc Sharing.
Both short-term and long-term
incentives are often a big benefit to employees. Used on top of the base
compensation strategy, these types of incentives can motivate employees to do
their best in order to capitalize on the money they have the opportunity to
make. Short-term incentives may include achievement awards, contest payouts,
tenure, and additional monies paid out when hitting a certain goal, to name a
few. Long-term incentives typically consist of pension plans, stock plans,
savings incentive match, and 401k plans.
In order to come up with an effective
plan, there must be an in-depth planning process. The industry, types of work
to be done, and employees must be taken into consideration. Essentially,
short-term and long-term incentive plans are used to motivate employees. So if
the motivators are not worked into the incentive plan, the plan will not be
effective.
ScholarMatic: Explanation & Answer
Your ready answer from a verified tutor is just a click away for as little as $14.99
Click Order Now to get 100% Original Answer Customized to your instructions!
