Advantages and disadvantages of incentive pay


Discuss below in 75 words each:

1. You are the HR Supervisor responsible for developing the company objectives that will be listed in the new benefits package. What needs to be considered when selecting employee benefits?

2. List and explain the advantages and disadvantages of incentive pay, and describe how companies can overcome the disadvantages.

3. What benefits are included in Social Security, who may receive benefits, and who pays for Social Security?

4. Identify a form of incentive pay you have earned at a job. Discuss how it was determined or what it was based on, and if you feel that it was really an incentive.

5. Discuss the benefits you have had at a job. Were there any additional benefits other than those required by law and did you consider them of value? Do you feel they were easy to access? Were they easy to understand?

Reference:

Noe, R. A., Hollenbeck, J., Gerhart, B., & Wright, P. (2011). Fundamentals of human resource management. Chicago, IL: McGraw-Hill.

 

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HR Management: Advantages and disadvantages of incentive pay
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