文档介绍：Management decisions and control Driving performancereward pensation systems
Management decisions and control
Driving performance:
reward pensation systems
What are rewards pensation systems?
How do reward pensation systems work?
“Pay for performance”
What affects performance?
Designing reward pensation systems
Pay – performance measurement systems – performance
Lecture objectives
Planning
Measurement Controls
Reward
and
Compensation
Budgets
Financial Controls
Non Financial Controls
Long
Range
Planning
Short
Range
Planning
Administrative Controls
Management Structure
Organisation Structure
Policies and Procedures
Social Controls
Clans
Culture
Values
Strategy
and
Objectives
Organisation
Performance
Activities
External
Environment
Control package (Brown, 2005)
In this subject we mainly adopt the control package typology. Each week we look at an individual control system and then we consider how these controls work together as a package.
What are reward pensation systems?
The provision of incentives (rewards) to motivate individuals and groups anisations
What are reward pensation systems?
Reward systems vary by the reward offered:
ary
Cash
Shares of pany
Stock options
Non-ary
Prizes/awards
Gifts
Recognition
Promotion/new opportunities
Preferred work conditions
Types of reward systems
Reward systems vary by what the reward is contingent on:
Task-contingent
Piece-rate
Salary/hourly wage
Performance-contingent
Commissions
Performance bonuses
Profit-sharing
Types of reward systems
Reward systems vary by whose performance/activities the reward is contingent on:
Individual systems
Reward is contingent on individual-level performance
. Individual sales target bonuses
pensation
Reward is distributed to group members based on collective performance
. Company-wide gain sharing; pensation based on firm performance
Types of reward systems
“Reward pensation systems focus on motivating and increasi