1. What is the task or job that needs to be accomplished?
2. What is the expected or intended result of the task?
3. What is to be gained by the employee(s)?
4. What is to be gained by the employer?
5. Is the program identical or different for all levels?
6. Is the reward identical or different for all levels?
Let’s suppose that company ABC is losing market share and sales as a direct result of costs related to processes in product manufacturing as well as business and manufacturing support functions. Management has taken steps to eliminate some costs but is now turning to employees to help lower costs, increase productivity and profit, and improve morale. It will implement an incentive program based on performance and reward employees with money in the form of bonuses. The performance will not be judged on an individual basis but on how well the company as a whole has performed. The goal is to reduce costs by X% and increase profit by Y% each quarter and a Z% average for the year. If quarterly goals are met, management has decided to reward hourly wage earners on a quarterly basis. Salaried positions are tied to the year end results. Management has also set a range that results fall into so that every effort is rewarded by percentage of earnings. i.e., no gains = no bonus, 1% below target = 1% of earnings,... [continues]
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(2008, 07). Employee Motivational Programs. StudyMode.com. Retrieved 07, 2008, from http://www.studymode.com/essays/Employee-Motivational-Programs-155862.html
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