TITLE

Create a Successful Incentive Program

AUTHOR(S)
Dunlap, Mary
PUB. DATE
May 2010
SOURCE
Journal of Financial Planning;May/Jun2010 Practice Management, p12
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
The article offers information on how to create a successful incentive program to reward the employees who have performed excellent job on the success of the business. However, it mentions that employee engagement should be considered in order for an incentive program to be successful. Meanwhile, some reasons that make incentive plan to fail include not helping the employees understand the business goal that they are assigned, not providing the employees with effective training to achieve the goals, and not providing incentives for the employees to be motivated at work. On the other, processes to make incentive program to be smarter include providing an incentive program that is specific to duties, achievable for employees, and measurable.
ACCESSION #
51008830

 

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