OMM 618 Week 4 Assignment ( Incentive Plans ).DOC

OMM 618 Week 4 Assignment ( Incentive Plans )

Incentive Plans

Week 4 Assignment

Ashford University

 

 

 

 

 

 

 

 

Incentive Plans:

Organizations use incentive plans to motivate their workforce and keep them committed to bring efficiency and effectiveness in their assigned tasks. It is far more important for companies to attract and retain skilled and productive people. Competitive incentive plans are of critical importance in this regard. There are number of incentive plans that companies can use to motivate, attract and retain employees. Annual bonus, spot rewards, individual initiatives, long term incentives an
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