Here is the synopsis of our sample research paper on Designing A Performance Management And Incentive Plan. Have the paper e-mailed to you 24/7/365.
Essay / Research Paper Abstract
This 10 page paper considers the development of a performance management and incentive plan for the field and corporate staff of a fictitious company. The plan has to balance team based and individual based rewards, to determine when there should be the use of cash and non cash incentives and show how this can be communicated and administered without adding to the overheads. The plan looks at a targeted profit share system as well team and individual assessment that are linked to wages or salary as well as non financial rewards such as recognition and attending events. The bibliography cites 4 sources.
Page Count:
10 pages (~225 words per page)
File: TS14_TEincentivepr.rtf
Buy This Term Paper »
Unformatted sample text from the term paper:
laid down as needing to balance team based and individual based rewards, to determine when there should be the use of cash and non cash incentives and how this can
be communicated and administered without adding to the overheads. The first two criteria may be seen as important in the concept and the design; the third may be more important
in terms of implementation but will also influence the design of any plan. The basis of any reward or incentive program needs to be with the use of some
type of performance assessment. The aim is to create a system that encourages and motivates the employees at all levels to build and maintain positive relationships with its customers and
run efficient distribution centers. This means that there needs to be a positive view taken by the staff in the way it is introduced and the perception of the scheme.
The first stage is to develop an appraisal system that can be linked to goals that is suitable to be used for both individuals and teams or appraisal systems
that can be interlinked. It is also important that whatever system is brought into place does not create disharmony and an unacceptable level of internal competition as this can create
fragmentation. First we need to define defining what is meant by performance assessment we can look at general definitions. A good definition states; "Assessment tools help generate reliable feedback,
identify the critical behaviours for success, and provide direction for customized development planning" (Morical, 1999; 43). Moreover, we also need to remember that
measurement alone is not enough, it needs to be integrated with the performance results and measurement of both input and output measured. This is reflected in the words of Randall
...