Human Resources Mngt - What factors will help you create an effective variable

Human Resources Mngt

As a new Human Resources Manager, you've been tasked with creating (or redesigning) an incentive plan for a common job in your organization. Based on what you've learned in class, consider the following:

• What factors will help you create an effective variable rate (aka incentive) pay plan?
• How will you decide whether to use individual employee, work unit/team, organization-wide incentives, or some combination?
• What key performance indicators will determine employees' variable pay?
• What type of incentive pay-out structure will be most appropriate for this specific job, and why?  How will it motivate employees while maximize organizational success?

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