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Discuss reasons for the popularity of pay-for-performance reward plans

Discuss reasons for the popularity of pay-for-performance reward plans. 1. So, there are alternative views of the value of an employer conducting performance evaluations. There are some who believe that conducting an annual paper and pen document does not have the benefit that is believed.  What are these opinions based on and what are the suggested alternatives?  Please use our text, the SHRM article included in our readings list and other research to respond to this question.

2. Under what conditions are group incentive plans particularly effective? Why do you believe this to be the case? Describe where you have seen a group incentive plan work effective OR where you believe one should be tried and why.

3. Discuss reasons for the popularity of pay-for-performance reward plans. Do you agree? Why or why not?

4. Below is a link to a YouTube video by WorldatWorkTV (the compensation folks).

Published on Apr 14, 2014

An important part of cash compensation, variable pay reflects employee payouts based on a variety of factors. WorldatWork’s Kerry Chou and Alison Avalos discuss the basics of this type of pay program.

After watching this video – what helped you to hone in on your understanding of Variable Pay Plans?

https://youtu.be/7NdhR2UOl0Y

Below is a link to another YouTube video by WorldatWorkTV (the compensation folks).

Published on May 5, 2014

In part two of this series Kerry Chou, CCP, WorldatWork, discusses the various types of incentives and the pros and cons of this type of variable pay.

After watching this video – what helped you to hone in on your understanding of Incentive Plans?

https://youtu.be/DbB49Y9ahxQ

Discuss reasons for the popularity of pay-for-performance reward plans

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