Incentive Plans Short Essay

timer Asked: Feb 3rd, 2019
account_balance_wallet $9.99

Question Description

  • Are incentive plans the same for all positions in a business?
  • Are incentive plans the same for all businesses?
  • What might be appropriate for a new business start-up?
  • Does the business market impact the incentive plan design?

Example: Pharmaceutical vs. Insurance?

single space, Ariel type 10 font. must cite sources.

Tutor Answer

School: New York University




Incentive plans
Institution affiliated



An incentive plan is a combination of various benefits that an employer extends to employee as a
way of motivating them to increase their productivity, attracting skilled employees, retaining exceptional
employees, or for any other purpose (Iqbal et al., 2015). There are various forms of incentives but every
business, based on its industry and needs, designs an incentive plan to suits its objectives and
circumstances. This paper will examine the different types of incentive plans used for different positions,
different types of businesses and markets, and the suitable plans for new business start-up.
Incentive plans should be structured in manners that reflect the position of every employee for
various reasons. First, every position in the organization is different and presents difference challenges.
For example, executives face different challenges from sales representatives. Secondly, the different
positions correlate to di...

flag Report DMCA

awesome work thanks

Similar Questions
Related Tags

Brown University

1271 Tutors

California Institute of Technology

2131 Tutors

Carnegie Mellon University

982 Tutors

Columbia University

1256 Tutors

Dartmouth University

2113 Tutors

Emory University

2279 Tutors

Harvard University

599 Tutors

Massachusetts Institute of Technology

2319 Tutors

New York University

1645 Tutors

Notre Dam University

1911 Tutors

Oklahoma University

2122 Tutors

Pennsylvania State University

932 Tutors

Princeton University

1211 Tutors

Stanford University

983 Tutors

University of California

1282 Tutors

Oxford University

123 Tutors

Yale University

2325 Tutors