itft-Incentives
description
Transcript of itft-Incentives
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Incentive Programs
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Introduction
• Employee Incentive Programs reward exceptional employees for reaching work goals, achieving milestones or simply doing a good job.
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Advantages • Mutual Rewards
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• Increased motivation
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• Increased company morale
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• Increased productivity
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• Reduced company costs
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• Team Work
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Individual incentives: Types • Sales commission
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• Bonus
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• Merit pay
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Group Incentive Plan
• Profit sharing
• Employee Stock Ownership Plan (ESOP):
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Voluntary Benefits • Hazard pay
• Health insurance
• Paid holidays
• Pay raise
• Disability
• Employee Services
• Relocation Benefits
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Retirement Plans
• Social Security,
• pension plans
• individual savings.
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