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Video instructions and help with filling out and completing When 8850 Form Incentives

Instructions and Help about When 8850 Form Incentives

Today we will discuss some of the different incentive plans organizations can use for individual employees salespeople executives and managers as well as some organization wide plans we will not talk about any of the motivation theories discussed in your textbook so be sure to read about them in Chapter 12 in order to have an idea of how incentives work we need to spend some time discussing what motivates people what motivates you to do things not just in work but in all of the things you do is it money or flexibility in your schedule everyone is different and it is important to note that no single motivation technique will work for every employee incentives are financial rewards above and beyond regular salary Frederick Taylor popularized the theory of scientific management and the use of financial incentives in the late 1800s he believed employees engaged in something known as systematic soldiering the tendency of employees to work at the slowest pace possible and to produce at the minimum acceptable level he believed by providing financial incentives you could motivate people to work harder what he did not take into account in which we now know is the law of individual differences which says people differ in personality abilities values and needs thus people react to different incentives in different ways managers should be aware of employee needs and fine-tune the incentives offered to meet their needs they should also keep in mind that money is not the only motivator here are the results of a research study that shows the breakdown of the type of incentives most preferred by employees as you can see a large majority of employees enjoy travel and would love to have their employer fund a vacation for them however not all organizations can...

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