Performance Management and Employee Incentive Programs

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Business Finance

Description

In preparation for this short paper, watch Drive: The Surprising Truth About What Motivates Us() (10:48) , as well as the article "Why Incentive Plans Cannot Work" from the Harvard Business Review coursepack.

1. Employee incentive plans are widely used in organizations to align employee behavior toward the corporate strategy. Some experts argue that employee incentive programs are not effective and may even be detrimental in some instances. Argue your point of view regarding the effectiveness of employee incentives and provide evidence to support your position.

2. Evaluate the effectiveness of an employer or another business’ performance management system. How well does it meet the needs of the employees and of the organization?

3. From a HR perspective, discuss your recommendations for improving performance management systems and employee incentive programs to satisfy both employees and employers. Make sure that your recommendations take corporate strategy into consideration.

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Explanation & Answer

Attached.

Performance Management and Employee Incentive Programs - Outline
Thesis statement: Performance Management and Employee Incentive Programs
1. Effectiveness of employee incentives
2. Effectiveness of an employer or another business’ performance management system
3. Recommendations for improving performance management systems and employee
incentive programs


Running head: PERFORMANCE MANAGEMENT

Performance Management and Employee Incentive Programs
Name
Institution

1

PERFORMANCE MANAGEMENT

2

Performance Management and Employee Incentive Programs
1. Employee incentive plans are widely used in organizations to align employee
behavior toward the corporate strategy. Some experts argue that employee
incentive programs are not effective and may even be detrimental in some
instances. Argue your point of view regarding the effectiveness of employee
incentives and provide evidence to support your position.
Several studies suggest that employment of reward system plans is a way of encouraging
both employee productivity and performance. It is important to note; however, that reward
system plans needs to be coupled up with effective human resources practices to ensure
employee productivity and a growing work environment. Effective employee reward systems
can considerably improve job performance. They can motivate employe...


Anonymous
Very useful material for studying!

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