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    Dhananjay Sampat
    This document discusses the advantages and disadvantages of incentive plans. It outlines several types of individual and group incentive plans that can be used including individual performance plans, profit sharing plans, annual performance bonuses, commission plans, and salary at risk plans. It also discusses different types of monetary and non-monetary rewards that can be used in incentive plans like cash, gift cards, merchandise, travel, and experiential rewards.

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    View This PPT As A Slide Show at It Has A Lot of Animations

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    Dhananjay Sampat
    14 views9 pages
    This document discusses the advantages and disadvantages of incentive plans. It outlines several types of individual and group incentive plans that can be used including individual performance plans, profit sharing plans, annual performance bonuses, commission plans, and salary at risk plans. It also discusses different types of monetary and non-monetary rewards that can be used in incentive plans like cash, gift cards, merchandise, travel, and experiential rewards.

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    This document discusses the advantages and disadvantages of incentive plans. It outlines several types of individual and group incentive plans that can be used including individual performance plans, profit sharing plans, annual performance bonuses, commission plans, and salary at risk plans. It also discusses different types of monetary and non-monetary rewards that can be used in incentive plans like cash, gift cards, merchandise, travel, and experiential rewards.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPT, PDF, TXT or read online from Scribd
    Download as ppt, pdf, or txt
    14 views9 pages

    View This PPT As A Slide Show at It Has A Lot of Animations

    Uploaded by

    Dhananjay Sampat
    This document discusses the advantages and disadvantages of incentive plans. It outlines several types of individual and group incentive plans that can be used including individual performance plans, profit sharing plans, annual performance bonuses, commission plans, and salary at risk plans. It also discusses different types of monetary and non-monetary rewards that can be used in incentive plans like cash, gift cards, merchandise, travel, and experiential rewards.

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    ADVANTAGES

    & DISADVANTA

    OF INCENTIVE PLANS

    ADVANTAGES &DISADVANTAGES DISADVANTAGES: OF1. I.IndividualIncentive Plans INCENTIVE PLANS Individual Performance II. Profit Sharing Plan Enhancement III. Annual Performance Bonus 2. Employee Development IV. Commission Plans V. Salary at Risk Plan 3. Company Profitability
    VI. Group Plans

    Monetary rewards
    Selecting the appropriate rewards is vital to any programs success. The goal in choosing rewards is to select items that will spark the participants interest or feelings, and support the programs objectives. There are several types of rewards:

    Cash Non-cash rewards Gift cards/certificates Merchandise Travel Experiential

    Types

    Cash rewards

    non-cash rewards

    1. 1.onlinETHE emergEncer dOne through BUt after programs of oic (online incentive council) THE nUMBER of incentive program has internet. doubled

    2.emerge in 1996 2. 3.At first THE useefficient communication company experience d of online programs reportin awards was rare

    3. online incentives pose an alternative 2 traditional offline

    Incentively Planned by:


    DEVARSH DIXIT (176) YASH KHARA (187) DHANANJAY SAMPAT (1007)

    NITIN JAIN (1027)

    FOR YOUR

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