Management help needed for Week 4 Discussion 1 original (need today)

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pneynqvnm71

Business Finance

Description

"Individual versus Group Incentives" Please respond to the following:

  • From the e-Activity, compare and contrast the likely success of individual incentives, group incentives, and companywide incentives for improving employee performance.
  • Referring to the same company, create an outline for an incentive pay program that would benefit employees and the company / organization. Provide specific examples to support your response.

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Explanation & Answer

Thank you for the opportunity to help you with your question!

Comparing individual, group, and company wide incentives, individual incentives are most likely to have a success due the selfish trait of human nature, preceding group incentives that are powerful due to peer pressure from others to succeed as a group, and, lastly, company-wide incentives. 


Incentives outline: 

- individual - per every X number of sales of product, a possible bonus, based on amount of sales, will be achieved at different levels 

- group wide & company wide are similar, despite sharing the bonus - adding a particularly smaller amount for the most successful in the group or the company

Please let me know if you need any clarification. I'm always happy to answer your questions.


Anonymous
Awesome! Perfect study aid.

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