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"MERIT
™,"
GROUP AND OTHER
INCENTIVE PAY PLANS |
The most widely used manual for forward- thinking incentive pay plans ----
TABLE OF CONTENTS
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| CHAPTER
I |
DISCUSSION OF WAGE INCENTIVE PLANS |
| CHAPTER
II |
INSTALLING AND MAINTAINING INCENTIVE SYSTEMS |
| CHAPTER
III |
COMPARISON OF INDIVIDUAL VERSUS GROUP INCENTIVE PLANS |
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A. HOW TO DETERMINE IF A MERIT PAY PLAN IS FOR YOUR COMPANY B. REDUCING THE RISK OF TRYING C. IS PRODUCTION THE ONLY THING WE WANT FROM WORKERS? FIGURE 1 - BASE RATE RANGES D. ADDING IN FACTORS OTHER THAN PRODUCTION FIGURE 2 - PRODUCTIVITY, ATTENDANCE, WORKMANSHIP E. BASE RATES NEED NOT BE STATIC F. GROSS PAY COULD VARY WITH PROPER PERFORMANCE REVIEWS G. A MERIT PLAN COULD BE EXACTLY WHAT EMPLOYEES WANT AND NEED |
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| CHAPTER
V |
EXAMPLE MERIT BONUS PLAN INCLUDING POTENTIAL YEAR END BONUS |
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