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| Topic: |
Business
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| Number of pages / Number of words: |
10 / 2526 |
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To the common group incentives plans belong: gainsharing, profit sharing and stock options. Despite the fact that all of these plans fall in the same category of incentive plans they differ in many ways nevertheless one characteristic they have in common. All of them are pay-for-performance plans and are not changing or influencing the base pay but the variable pay...
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What does it mean pay-for-performance? These plans are paying increases in variable pay or bonuses depending on improved employee performance. In the next part I would like to look at the influence on employee motivation of these group incentive plans separately.
Gainsharing
Gainsharing is a group incentive plan and as the name suggests, employees share in the gains in these types of group incentive plans...
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