Suppose you are a HR director who is responding to a work situation with a pay solution. There are a range of incentive plans for individuals and groups or teams. Consider different types of pay plans along with their advantages and disadvantages.

Complete the following: Select one individual plan, one team plan, and one long-term incentive plan. Describe a situation in which each of these plans would be most appropriate, and justify why it is appropriate. Include the type of company and type of work as well as the position or positions that would be affected by your plan. Include how you think your chosen incentive plan will affect behavior and achieve intended results. Drafting a table that compares and contrasts the scenarios as a summary is appropriate but also requires a narrative describing the situations.

Answer rating: 100% (QA)

Incentives in any business organization are critical as it has the potential to keep the employees to the company The use of incentives comes as an encouragement to encourage the companys performance ... View the full answer