Motivating Employees for Performance
Employee Incentives: Motivating Employees for Performance
(Motivating Employees for Performance)
Assignment 2: Employee Incentives
For this assignment, you are to use the text, the Argosy University online library resources and the Internet to research the use of incentives in motivating employees. Find an organization with a form of incentive you consider highly motivating. Find an organization within your current industry or an industry where you would like to be employed in the future. Submit a report in which you describe, analyze and evaluate the incentive plan of your chosen company. Include the following in your report:
- Description of company, industry and incentive plan.
- Distinguish why you think this particular plan is highly motivating and explain how it stimulates employee productivity. Connect the plan to one or more models of motivation.
- Evaluate how well the incentive plan supports a well-aligned compensation plan and how the plan aligns the employees efforts to the organizations mission and objectives.
- Explain how this plan helps with the supervision, retention, and recruitment of employees.
- Determine which of the following you feel would be the most valid format for performance appraisal to use with this incentive plan—standard ranking, paired-comparison ranking, standard rating scales, behaviorally-anchored rating scales, Management by Objectives or essay.
Justify your responses with reasons and examples. Cite scholarly sources.
To complete this assignment, submit a 5 page report in Word format. Apply APA standards for writing style to your work.
Responce.
Motivating Employees for Performance
1. Introduction
- Briefly introduce the topic of employee incentives and their importance in organizational success.
- State the purpose of the report and outline what will be covered.
2. Company, Industry, and Incentive Plan
- Company Overview: Provide a brief description of the company, including its name, location, size, industry, and core operations.
- Incentive Plan: Clearly describe the specific incentive plan used by the organization (e.g., performance bonuses, profit-sharing, stock options, recognition programs).
- Why Chosen: Explain why you chose this company and its incentive system.
Example:
“Company X, a technology leader in software development, has implemented a performance-based bonus system where high-performing employees receive quarterly financial incentives based on achieving pre-set targets.”
3. Why the Plan is Motivating & Connection to Motivation Models
- Motivating Factors: Discuss what makes this incentive plan highly motivating (e.g., financial rewards, recognition, personal growth).
- Connection to Motivation Models: Use motivation theories/models to justify why the plan works. Examples include:
- Maslow’s Hierarchy of Needs (e.g., financial incentives meet security needs).
- Herzberg’s Two-Factor Theory (e.g., incentives as motivators, not hygiene factors).
- Expectancy Theory (e.g., rewards linked to effort, performance, and outcomes).
Example:
“The performance-based bonus aligns with Vroom’s Expectancy Theory by creating a clear link between effort, measurable performance, and attractive rewards.”
4. Alignment with Compensation Plan and Organizational Goals
- Compensation Plan: Analyze how the incentive plan complements the company’s overall compensation strategy (e.g., mix of salary and rewards).
- Alignment with Mission and Objectives: Evaluate how the plan aligns employee efforts with organizational goals (e.g., meeting revenue targets, improving customer satisfaction, increasing innovation).
Example:
“The incentive plan ensures employees focus on critical metrics, such as meeting sales quotas, which directly contribute to Company X’s mission of driving sustainable revenue growth.”
5. Supervision, Retention, and Recruitment
- Explain how the incentive plan supports:
- Supervision: Facilitates performance management (e.g., clear goals and evaluation criteria).
- Retention: Encourages employees to stay with the organization due to rewarding achievements.
- Recruitment: Attracts talent by offering competitive and motivating incentives.
Example:
“Company X’s incentive plan improves retention rates, as high-performing employees recognize their efforts are valued and rewarded, fostering loyalty.”
6. Performance Appraisal Method
- Select the most appropriate performance appraisal method for the incentive plan:
- Standard Ranking
- Paired-Comparison Ranking
- Standard Rating Scales
- Behaviorally Anchored Rating Scales (BARS)
- Management by Objectives (MBO)
- Essay Method
- Justification: Explain why the chosen method is the most valid for evaluating performance under this incentive plan.
Example:
“Management by Objectives (MBO) is the most suitable format, as it allows clear alignment of individual performance goals with the organizational objectives tied to the incentive plan.”
7. Conclusion
- Summarize the key points discussed in the report.
- Reinforce why the incentive plan is motivating, effective, and aligned with the organization’s goals.
8. References
- Include at least 3 scholarly sources (e.g., journals, research articles, books) to support your analysis.
- Use APA format for all in-text citations and references.
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