Review an article "Why Incentive Plans Cannot Work" from the Harvard Business Review course pack to build your understanding on Employee incentive plans which 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. Evaluate the effectiveness of a known US employer or another business' performance management system. How well does it meet the needs of the employees and of the organization? 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. Organize your short paper into three parts.
1. In the first, argue your point of view regarding the effectiveness of employee incentives and provide evidence to support your position.
2. In the second, evaluate the effectiveness of a recent or current employer's performance management system. How well does it meet the needs of the employees and the needs of the organization?
3. For the last, assume the role of HR professional and 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.