Recognizing employees
Article Abstract:
It is common practice for many companies to award deserving employees. These awards are handed out on the basis of length of service, performance and suggestions of cost-saving and profitable ideas. The results of 393 companies surveyed revealed that out of the 88% of employers that recognize length of service, 66% award first-time awards to five-years servers; out of the 64% that recognizes performance, single-accomplishment awards are credited to 92% while group achievements make up 52%; of the 42% that recognizes suggestions, 92% are awarded for cost-saving ideas.
Publication Name: Small Business Reports
Subject: Business, general
ISSN: 0164-5382
Year: 1992
User Contributions:
Comment about this article or add new information about this topic:
One for all
Article Abstract:
The perfect way to inspire and incite workers to be productive may be through group incentives. A survey revealed that of the firms that provide group incentives, 80% affirm that employees easily adopt the plan. The most successful group incentive schemes are usually characterized by a sense of identity, challenging goals that are attainable, a compromise between salary and incentive pay and complete comprehension by employees on how the scheme functions.
Publication Name: Small Business Reports
Subject: Business, general
ISSN: 0164-5382
Year: 1992
User Contributions:
Comment about this article or add new information about this topic:
Money talks
Article Abstract:
Proper management of employees' wages can be an effective instrument for inducing workers to perform well and directing their cooperation to attain corporate objectives. A realistic compensation program links work conduct and remuneration. The elements of an effective salary program are objectives, importance of pay, comparison with other salary programs, compensation levels, other benefits, leverage, individual versus team incentives and responsibility.
Publication Name: Small Business Reports
Subject: Business, general
ISSN: 0164-5382
Year: 1992
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Temporary employment: can organizations and employees both win? Attributions and exchanges: the effects of interpersonal factors on the diagnosis of employee performance
- Abstracts: Forecasting at Procter and Gamble in Italy. Melting the frozen forecast. Perpetual battle: inventory or customer service
- Abstracts: Ex-ante hedging strategy selection using foreign-exchange-rate forecasting models. Hedge ratios under inherent risk reduction in a commodity complex: an interpretation
- Abstracts: Loyalist troops thwart coup attempt. Government foils coup attempt. Government reports coup attempt
- Abstracts: A package deal. Prepare to meet your banker. How to raise $1 million