Assignment: Developing an Incentive Plan
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?
Write an initial post that addresses this in detail, using research content to support your answers. Share your initial post in this Discussion board by Thursday evening. Give substantive responses to at least two classmates' initial posts by Sunday evening.
Format your assignment according to the following formatting requirements:
1. The answer should be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.
2. The response also includes a cover page containing the title of the assignment, the student's name, the course title, and the date. The cover page is not included in the required page length.
3. Also include a reference page. The Citations and references should follow APA format. The reference page is not included in the required page length.