Explore BrainMass

Non-traditional Incentive Systems

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

1. Given the background information about Howe 2 Ski Stores, discuss the feasibility of implementing lump sum bonuses, pay for knowledge, profit sharing, and gain sharing plans in this situation. What plan or plans would you recommend the Howe look at more closely and why?
2. Assuming Howe decides that a gain sharing plan is feasible, what could be done to increase the likelihood of success?
3. What negative effects are likely to result from even the successful implementations of a gain sharing plan?

© BrainMass Inc. brainmass.com October 25, 2018, 7:33 am ad1c9bdddf

Solution Preview

1. Howe 2 Ski Stores cannot implement lump sum bonuses because these are not directly linked to individual performance. Howe also cannot use pay for knowledge because whatever skills the employees acquire, unless the employees' on job performance improves, the performance of Howe will not improve. Profit sharing plan is not feasible because the incentive depends on the net profits of the entire company. The profits and losses of the company depend on several factors and on the ...

Solution Summary

The response provides you a structured explanation of Non-traditional Incentive Systems. It also gives you the relevant references.

See Also This Related BrainMass Solution

Electronic Health Records: The New Standard

I need some help with answering these questions on electronic health records:
•Define electronic health record.
•Compare and contrast an electronic health record with a hybrid electronic health record.
•Discuss government and private sector intervention in the development of an EHR.
•Discuss meaningful use and its impact on the development of the electronic health record.
•Identify the challenges associated with implementing the EHR.

View Full Posting Details