Dr Nick

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About Dr Nick

Levels Tought:
Elementary,Middle School,High School,College,University,PHD

Expertise:
Art & Design,Computer Science See all
Art & Design,Computer Science,Engineering,Information Systems,Programming Hide all
Teaching Since: May 2017
Last Sign in: 340 Weeks Ago, 2 Days Ago
Questions Answered: 19234
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Education

  • MBA (IT), PHD
    Kaplan University
    Apr-2009 - Mar-2014

Experience

  • Professor
    University of Santo Tomas
    Aug-2006 - Present

Category > Business & Finance Posted 19 Jul 2017 My Price 11.00

Pay-for-performance

Pay-for-performance, also called incentive pay, ties at least part of the compensation to employee effort and performance through merit-based pay, bonuses, team incentives, gainsharing or profit sharing (Daft, 2016).  With pay-for-performance, incentives are aligned with the behaviors needed to help the organization achieve its strategic goals. However, recent years have shown the potential dangers of misdirected pay-for-performance plans.

How would you go about deciding whether to use a job-based, skills-based, or pay-for-performance compensation plan for employees in a textile manufacturing plant?  For wait staff in a restaurant?  For salespeople in an insurance company?

200 words please

Answers

Dr Nick
(4)
Status NEW Posted 19 Jul 2017 11:07 AM My Price 11.00

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