Purchase Solution

Individual Versus Group Incentives

Not what you're looking for?

Ask Custom Question

Research a company or organization for which you would like to work focusing on its current base of employee pay.
*Compare and contrast the likely success of individual incentives, group incentives, and companywide incentives for improving employee performance.
*Referring to the same company, create an outline for an incentive pay program that would benefit employees and the company / organization. Provide specific examples to support your response.

Purchase this Solution
Solution Summary

The chosen company here is HP. A complete discussion of the group versus individual incentives is discussed.

Solution Preview

Individual versus Group Incentives

The company chosen for this paper is Hewlett Packard (HP). HP deals with a variety of products and services and the company deals with a wide range of customers across the world, mainly classified into home and home office, small and medium businesses, and large enterprise businesses (HP, 2012). Considering the three incentive pay categories, i.e. individual, groups and company-wide, the main aim is to compare these for the company.
Individual incentives are based on a variety of ...

Purchase this Solution
Free BrainMass Quizzes
Marketing Research and Forecasting

The following quiz will assess your ability to identify steps in the marketing research process. Understanding this information will provide fundamental knowledge related to marketing research.

Managing the Older Worker

This quiz will let you know some of the basics of dealing with older workers. This is increasingly important for managers and human resource workers as many countries are facing an increase in older people in the workforce

Understanding Management

This quiz will help you understand the dimensions of employee diversity as well as how to manage a culturally diverse workforce.

IPOs

This Quiz is compiled of questions that pertain to IPOs (Initial Public Offerings)

Lean your Process

This quiz will help you understand the basic concepts of Lean.

View More Free Quizzes
Related BrainMass Solutions

  • Considerations of Incentive Pay Plans

    Group versus individual incentives is an important part of the process, due to the fact that there need to be different criteria for group and individual incentives in order for them to be fair.

  • effectiveness of a new teaching method

    One group will be taught using a certain teaching method; the other group will use a different method. For teaching methods, you might compare online programs versus traditional programs, for example, or two other teaching methods.

  • This post addresses individual incentive plans.

    467392 individual incentive plans Indicate whether you agree or disagree with the following statement: "Individual incentive plans are less preferable than group incentives and companywide incentives." Explain your answer.

  • Managed Care & Contractual Services Market Situation

    physicians that belong to a particular group.

  • incentives for employees & the union while cutting the costs

    Companies can provide incentives for employees and the union under the situation of labor cost cutting by linking incentives to individual, group and organizational performance.

  • Incentives as an Employee Motivator

    Group/Team: This type of incentive is similar in principle to the previous one, however, it applies to a group or team of people instead of a particular individual.

  • Incentives for Employees

    The advantages of individual pay plans are that they relate pay to performance of individual. Further, they lead an equitable distribution of compensation. Individual incentives help motivate individuals.

  • Incentive Pay Plans

    Similarly, individual incentive plans can work well for sales organizations or marketing firms where individual sales reps will be motivated if his performance will be tied up with rewards and incentives from the organization.

  • Group vs Individual Incentive Programs

    65123 What are the pros and cons of group versus individual incentive programs? What are the pros and cons of group versus individual incentive programs? Please see response attached. I hope this helps and take care.

View More Related Solutions