Discussion BoardUnit: Performance and Compensation 3 10/24

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Business Finance

Description

Reminder: Initial Discussion Board posts due by Friday, responses due by Tuesday

Students will be expected to post their first initial discussion board posting by Friday of each week. Discussion posts will be graded and late submissions will be assigned a late penalty in accordance with the late penalty policy found in the syllabus. NOTE: All submission posting times are based on midnight Central Time.

Students are expected to post their responses to peers by Tuesday. NOTE: All submission posting times are based on midnight Central Time.

Additional Incentive Programs

There are many types of monetary compensation not tied directly to salary or hourly pay.

Primary Task Response: Within the Discussion Board area, write 400–600 words that respond to the following questions with your thoughts, ideas, and comments. This will be the foundation for future discussions by your classmates. Be substantive and clear, and use examples to reinforce your ideas:

Explain the difference between regular pay (for normal work hours and duties) and other forms of direct compensation, such as bonuses.

How would you recommend that an organization blend the types of pay to maximize employee motivation?

Responses to Other Students: Respond to at least 2 of your fellow classmates with at least a 100-word reply about their Primary Task Response regarding items you found to be compelling and enlightening. To help you with your discussion, please consider the following questions:

What did you learn from your classmate's posting?

What additional questions do you have after reading the posting?

What clarification do you need regarding the posting?

What differences or similarities do you see between your posting and other classmates' postings?

For assistance with your assignment, please use your text, Web resources, and all course materials.

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Explanation & Answer

Attached.

Running Head: ADDITIONAL INCENTIVE PROGRAMS

Additional Incentive Programs
Student’s Name
Institution of Affiliation
Course
Date

1

ADDITIONAL INCENTIVE PROGRAMS

2

Additional Incentive Programs
Introduction
In the practice of human resource management, it is provided that specific measures are
established by an organization to ensure that its employees are retained. One of the aspects that
result in employees’ retention is motivation. Different organizations have varying ways of
motivating their employees to enhance overall organizational performance and efficiency. One of
the major ways is the provision of incentives. Basically, incentives refer to a reward system
which ties employee performance to pay (Craig, 2011).
Difference between regular pay and other forms of direct compensation
Regular pa...


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