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Incentive Pay Systems Workshop
October 19, 2016 @ 12:00 pm - 1:00 pm
This one-hour workshop will be a review of different types of incentive plans — their advantages and disadvantages.
Incentive pay is based on extra pay for extra productivity. Money is a motivator, but so is recognition for doing an outstanding job. The major reason for incentive pay is to motivate people to work more efficiently and make more efficient use of materials, equipment, and other resources. Incentives are not the answer to all personnel or production challenges, but they can, if handled correctly, do much to increase worker productivity and instill pride in their jobs.