文档介绍：CHAPTER 12 RECOGNIZING EMPLOYEE CONTRIBUTIONS WITH PAY
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CHAPTER 12
RECOGNIZING EMPLOYEE CONTRIBUTIONS WITH PAY
Chapter Summary
This chapter explores the choices available anizations with regard to incentive pay1>. First, the chapter describes the link between pay and employee performance. Next, it discusses anizations can provided a variety of pay incentives to individuals. This is followed by a description of pay as related to group anizational performance. The chapter then explores anization’s processes that can support the use of incentive pay. Finally, the chapter discusses incentive pay for anization’s executives.
Learning Objectives
After studying this chapter, the student should be able to:
Discuss the connection between incentive pay and employee performance.
Describe anizations recognize individual performance.
Identify ways to recognize group performance.
Explain anizations link pay to their overall performance.
Describe bine incentive plans in a “balanced scorecard.”
Summarize processes that can contribute to the ess of incentive programs.
Discuss issues related to performance-based pay for executives.
Extended Chapter Outline
Note: Key terms are boldface and are listed in the “Chapter Vocabulary” section.
I. Introduction
Organizations have wide discretion in setting performance-related pay, called incentive pay.
Organizations can tie incentive pay to individual performance, profits, seniority, or many other measures of ess.
Organizations select incentives based on their costs, expected influence on performance, and fit with anization’s broader HR pany policies and goals.
II. Incentive Pay
Incentive pay is pay specifically designed to energize, direct, or control employee’s behavior. It is influential because the amount paid is linked to certain predefined behaviors or es.
For incentive pay to motivate employees to contribute to anization’s ess, the pay plans must be well designed.
In designing