Q. Show Group incentive
These are the incentive wage plans which motivate the group to produce more under Individual incentives plans. Bonus is paid to the workers on the basis of individual performance and the amount payable to a worker is not affected by the performance of another or other workers. But there are certain situations where it is difficult to measure the o/p of an individual worker conveniently or the performance of one worker is affected by the worker or other situations group incentive bonus schemes are introduced. Under this scheme, bonus is made payable to the all workers on a collective basis. This bonus is promised by the management in advance of the work for securing effective teamwork. In all cases, a fixed standard of the performance is established and the bonus is given for the resu8lts shown over the standard performance.