How To Run Successful Incentive Schemes: A Manager's Guide (2nd ed.)

Citation

(2001), "How To Run Successful Incentive Schemes: A Manager's Guide (2nd ed.)", Work Study, Vol. 50 No. 3. https://doi.org/10.1108/ws.2001.07950cae.002

How To Run Successful Incentive Schemes: A Manager's Guide (2nd ed.)

How To Run Successful Incentive Schemes: A Manager's Guide (2nd ed.)

John G. FisherKogan Page in association with the Institute of Directors£16.99ISBN: 0749434074Keywords Personnel psychology, Motivation, Performance criteria

The biggest asset for any company is a motivated workforce. Motivation breeds productivity, which in turn generates profit: the key to a healthy organisation. But how many employees ever reach their maximum potential at their place of work? Almost everyone has the capacity to perform better, and "rewards" are one means of encouraging them to do so. Simple financial rewards have gone out of favour in many organisations but have their part to play in a coherent and comprehensive reward system. This book offers practical advice for any manager wishing to construct a motivational scheme or formulate best practice in the use of incentives for performance improvement. The topics covered include:

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  the profit potential;

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  the human audit;

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  constructing a programme;

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  building the budget;

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  cash or non-cash schemes;

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  flexible benefits;

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  incentive travel;

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  measure, monitor, mirror;

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  recognition systems.

The book uses case studies from various organisations and locations around the world to illustrate the points made and ends up as a simple, though effective summary of the major points to be considered when considering incentive schemes as a contributor to improved employee performance.