Select an organization that you're interested in and familiar with (this might include your current job). Explain how this particular organization currently uses short term and long term incentives to motivate employees. Be sure to address the following:
- What type of organization is it? (if you prefer, you may withhold the name of the organization)
- List and briefly describe the short term incentives the organization offers.
- List and briefly describe the long term incentives the organization offers.
- How are these incentives used to motivate employees? (Are they effective? Why or why not?)
- Suggest several specific ways that new or different incentives would further motivate employees and benefit the organization as a whole.
- Use references from both the textbook and outside sources to support why you think your suggestions would be benefit this organization.
Specifically:
- How realistic were your peers' suggestions for added incentives? Why?
- What were the best suggestions that your peers made?
- What suggestions would you add to your peers' incentive plan?
What information did your peers overlook in their responses to this issue?