Explore BrainMass

Explore BrainMass

    Advantages and Disadvantages of Incentive Pay.

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    List and explain the advantages and disadvantages of incentive pay, and describe how companies can overcome the disadvantages.

    There is a 75 word minimum response required.

    © BrainMass Inc. brainmass.com December 15, 2020, 9:50 pm ad1c9bdddf

    Solution Preview

    An advantage of incentive pay includes encouraging workers to be more productive and allowing the company to enjoy greater productivity. Incentive pay is linked to having employees perform tasks in the manner that will most benefit the company, based on their needs. So, incentive pay serves to link workers more to the organization's goals and greater mission by providing a clear standard and expectation of employee performance. Furthermore, it aligns ...

    Solution Summary

    This solution explains the advantages and disadvantages of incentive pay, and how companies can overcome disadvantages. Includes 200 words and APA formatted references.