Incentive Plans
Clark believes that the most beneficial incentive plan is profit sharing, however there are other options Clark should consider to motivate employees. These other incentive plans the company can use these include: Lump Sum Bonuses and Point Based Incentive Programs. A lump sum bonus would motivate employees to reach a certain quota of shoes in order to meet demands. These could be implemented annually, quarterly, or monthly. The company would grant employees with a reward for their hard work. This would be beneficial for management and the employer as the employees are seeking the benefits of an increase in pay and the employer is able to sell more shoes. This could be monitored by a neutral grading system to ensure that employees
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Sam Johnson a non-union employee advised his supervisor that he was diagnosed with AIDS. Sam considered this important information to tell his co-worker Catherine so she was able to take the necessary precautions. However, Catherine reacted poorly to this news and enacted her right to refuse work with Sam due to fear. A problem arose because the supervisor considered this refusal to work insubordination and asked Clark for advice. This issue has now escalated as Clark believe it is a good idea to fire both of them, deeming it a health and safety issue and insubordination. However, Maple Leaf Shoes Ltd. does not have just cause to dismiss John or Catherine. Maple Leaf has to make accommodations for both of these individuals. The company should make arrangements to move Catherine to a different department if she feels unsafe working with John. However, it is extremely unlikely that Catherine will contract the disease from John in this work environment if safety precautions are taken into consideration. Furthermore, education opportunities should be provided to employees and supervisors, including Clark to learn about HIV/AIDS in order to come to the understanding that John is still a valuable employee even though he is ill. John should be able to remain in his position, unless his illness does not allow him to continue. This is the ideal situation as John could have a case against the company to sue for wrongful dismissing without cause, due to the fact that he notified his co-worker and supervisor when he found out. John has been a valuable employee for the past 8 years. He should be able to receive the benefits offered to him from this company. As mentioned in the assignment, the company is considering moving to a flexible benefits plan where this can be utilized to John’s choice. This would be beneficial for both parties as the plan will allow John to continue working for the company, until such time he does
You are hired as an assistant brand manager for a popular consumer product. One day in an emergency meeting, the brand manager informs the group that there is a problem with one of the suppliers and that he has decided to send you over to the manufacturing facilities to investigate the problem. When you arrive at the plant, you learn that a key supplier has become increasingly unreliable in terms of quality and delivery. You ask the plant manager why the plant doesn’t switch suppliers, because it is becoming a major problem for your brand. He informs you that the troubled supplier is his cousin, whose wife has been very ill, and he just can’t switch right now. What course of action should you take and why?
Firstly, there was compelling emphasis placed on exterior factors, for instance, Scanlon Bonus Plan, a motivator plan that inspires and drives employees’ performance, yet neglected to cultivate workers ' needs. If the Plant business integrates the Maslow’s Hierarchy of Needs into their strategic management process, it will guide them in evaluating employees’ needs. Engstrom Auto Mirror Plant should settle on the choice of keeping the current system in place, modify it, or design a new incentive plan. Keeping the ongoing incentive plan would be an awful decision for different reasons that were examined in preceding milestones; subsequently, the undeniable decisions would be to either correct the present plan or to make an altogether new one. For this proposition, it is ideal that a new incentive system be
The movie “Philadelphia” shows our society in the workforce and the discrimination that can take place because of an illness or sexual orientation. In this movie Andy Beckett, a fully competent Philadelphia lawyer, is fired from the firm wheeler & Co. because he has AIDS and because he is homosexual. According to the statutes, the American with Disabilities Act, it is unlawful for an employer to fire an individual because of a terminal illness such as cancer or in this case AIDS. Moreover in the movie Andy was diagnosed with HIV, and he does not tell his supervisors in the firm for his sickness and that he is homosexual. However this does not impede the man’s performance, and if the illness does not impede in the performance in the job, the employer has not reason to fire you. Which in this case is not true because more often the law and morality are not one and the same. For example in the movie Charles Wheeler, the senior partner who assigned Andy a very important case in which a very important letter of that case was misplaced, so they accused Andy for that incident and they also ...
In More v. Bauer Nike Hockey Inc., is the corporation’s responsibility to warn of the limitations of the hockey helmet sufficient, as the B.C. Court of Appeal has put forward?
Many employers have been baffled as they attempt to sort through the overlapping obligations created when a sick or injured worker's medical condition triggers the different rights and responsibilities under new federal laws. If businesses want to avoid costly lawsuits from disgruntled employees it is essential to understand their responsibilities under the laws. Employers must make a tw...
Many of Harrah’s employees deemed the goals set by Winn’s current incentive program to be unrealistic; on the other hand, others felt a sense of entitlement for bonuses. Therefore, Winn’s job is to provide a recommendation to Gary Loveman, on how to motivate and get employees energized. In order to motivate the employees, Winn had implemented an incentive pay plan to rewards Harrah’s employees in all of its properties for improving customer service. The company’s purpose for incentive program was to implant a competitive mindset in its employees as well as to show the employees that they are core of the...
The importance of accurate cost allocation is an essential component to the manufacturing process. Explain the types of problems companies encounter during the allocation process, include specific examples as part of your answer.
Columbia Sportswear has a few pressing problems that the entire company faces, but there is one area that stands out. During the course of our research, we have found that Columbia has encountered a huge customer service issue. Complaints about this department heavily outweigh their compliments. An interesting point to make is that the complaints aren’t directed solely at the product’s quality. Though this may be the initial issue that leads the customer to seek help from customer service, the other issues start shortly after. Within reading many of the complaints, one problem is that customers are not able to fully understand those working in this department. Numerous customers have made it very evident that some
The marketing mix, which is basic to any organization, can be considered the ‘controllable’ variables that every business encounters. These controllable variables can be modified based on the uncontrollable variables (external factors found in Environmental Scan) that directly affect business operations. A company focuses on four elements in the marketing mix: Product, Price, Place, and Promotion, which are managed and coordinated through marketing programs in efforts to appeal to their target market. Marketers strive to understand what motivates consumers to purchase certain products. The marketing mix helps to break down some of these questions: What will consumers buy? How much will they spend? Where will they buy? And will they buy again?
What legal defenses might Fred and Sally raise with regard to the checks written by Jane and Don? Why do you believe they will be successful or unsuccessful?
Timm, Paul R. and Brent D. Peterson. "Motivating with Compensation and Other Rewards." People at Work - Human Behavior in Organizations, 5th ed. Ohio: South Western College Publishing, 2000.
The company should offer incentive compensation that would be in the form of equity that employees could have owner-ship and to coordinate employee interests so that it aligns with the stakeholder and shareholders. (CITI’S, nd)
Employee incentive plans go by many names. Successful company incentive programs will accomplish exactly what you want them to do if you plan them properly. In general, studies have shown that individual incentives are more effective than group incentives. Incentive pay, also known as “pay for performance” is generally given for specific performance results rather than simply for time worked (Dessler, 2011, p. 212). While incentives are not the answer to all personnel challenges, they can do much to increase worker performance (Dessler, 2011). Some kind of incentive pay is an important part of any compensation plan. Incentive pay shows appreciation and creates a sense of participation in the company's well-being that straight salary dollars, though sizeable, don't communicate (ABS, 2010). A well-designed incentive-pay plan can also help pull people together, help point them in the direction you want them to go, and give that extra push that every company needs in today's competitive environment (ABS, 2010).
Management spends a huge amount of time to design incentive systems and schemes to motivate their workers and to ensure they work in their best possible manner. Motivating workers by giving them decent pay helps in winning employees heart to make the work done efficiently, significantly and effectively. The most effective way to motivate people to work productively is through individual incentive compensation (Pfeffer, 1998). An attraction of getting more is a powerful incentive to people for high performance. While most people agree that money plays a major role in motivating people, in organizations there is a widespread belief that money may also have some undesirable effects on morale.
The first way is to make sure that the “financial incentives are used primarily for tasks that are uninteresting to most employees”(Grant & Singh, 2011). This means that the assignments given to the employees should be assignments that employees normally do not like doing or normally do not do. The second way suggested by Grant and Singh is to make sure that the financial incentive is “delivered in small sizes so that they do not undermine intrinsic motivation” (Grant & Singh, 2011). Rewards given in the form of money should never trump the inner motivation of the employee. Financial rewards are not employee’s “why” and should not be treated as such. Financial rewards according to Grant and Singh, should only be given in small amounts (Grant & Singh, 2011). The last thing Grant and Singh (2011) suggest employers do is make sure that the financial reward is “supplemented with major initiatives to support intrinsic motivation.” Meaning instead of offering the employees a financial reward, sometimes it is better to provide employees with incentives that help them reach their own personal goals. Sometimes it is better to give employees incentives that empower them, instead of financially benefit