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Prerequisites of Effective Incentive Scheme

An effective incentive scheme requires worker cooperation, realistic standards that motivate performance, necessary tools and materials for workers, and coverage of indirect workers like supervisors and clerks. It also demands management commitment to proper administration, including careful planning, measuring outputs, and dispute resolution.

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Amit Agarwal
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2K views6 pages

Prerequisites of Effective Incentive Scheme

An effective incentive scheme requires worker cooperation, realistic standards that motivate performance, necessary tools and materials for workers, and coverage of indirect workers like supervisors and clerks. It also demands management commitment to proper administration, including careful planning, measuring outputs, and dispute resolution.

Uploaded by

Amit Agarwal
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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PREREQUISITES OF EFFECTIVE INCENTIVE SCHEME

It has been seen in many industries and large undertakings well designed system of payment by results shall yield advantages to all. In this scheme implemantation of an incentive scheme is very essential.

contd
Worker cooperation is necessary wherein Method followed in measuring the results or output upon which payment is based. Method followed in setting wage rates for different classes of work. Appropriate safegaurds concerning earnings,job security,disputes.

contd
The standards set must be realistic and must motivate workers to put in better performance. Workers must be provided with necessary tools and materials necessary.

contd
Indirect workers shall also be covered under the incentive scheme like Supervisors Foremen Clerical staff Store keepers Crane operators Helpers

There should be management commitment to the cost and time necessary to administer incentive schemes properly. The scheme schould be planned carefully as there is a great nees for planning the scheme.

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