The beginnings of "real time" incentive design
Article Abstract:
More companies are implementing incentive programs such as gainsharing, team-based incentives and goalsharing. Before an incentive program is designed and implemented, companies should first conduct an assessment on operational readiness, develop a preliminary incentive structure, evaluate the support of major stakeholders and then decide if the incentive plan makes sense. Management should also consider the people aspect of incentive program implementation.
Publication Name: Journal of Compensation and Benefits
Subject: Insurance
ISSN: 0893-780X
Year: 1995
User Contributions:
Comment about this article or add new information about this topic:
Making pay for performance work in the 1990s
Article Abstract:
Pay-for-performance programs must be designed to pay for actual performance worth and reward employees who exerted valuable effort in attaining corporate goals. These programs should be practical and easy to implement. Compensation programs must develop proper motivation in employees, be easy to understand, reward exceptional workers to compensate added effort and be cost effective in terms of time and firm expenditure to be successful in implementation.
Publication Name: Journal of Compensation and Benefits
Subject: Insurance
ISSN: 0893-780X
Year: 1992
User Contributions:
Comment about this article or add new information about this topic:
Domestic partner benefits: San Francisco & beyond
Article Abstract:
An evaluation of the San Francisco ordinance requiring companies with city contracts to extend benefits to domestic couples reveals that legal problems may make the law unenforceable. The law does not make dependents entitled to benefits due to public relations and social policy concerns. Formulating domestic partner benefits programs requires careful consideration of legal and tax issues as well as social problems.
Publication Name: Journal of Compensation and Benefits
Subject: Insurance
ISSN: 0893-780X
Year: 1997
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Program business feels alternative market's lure. Alternative markets: attracting wider following. Alternatives devour a primary marketplace
- Abstracts: Using incentive compensation to create shareholder value. Pay executives for their real performance
- Abstracts: The SERP exchange: a win-win compensation and benefits strategy. New COLI, HSA, and post-retirement needs
- Abstracts: Defusing a balance sheet time bomb: financing and securing nonqualified plan benefits. Applying new technology to effectively administer nonqualified plans
- Abstracts: Shifting into high gear. News that's fit to cover