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Human Resource Management(MGT501) Spring 2014
Assignment No. 02
Due Date: August 03, 2014 Marks: 10
A new CEO of a telecommunications company knew that there has to be a better
way to get his employees to be more productive. Earlier, this company had a good
incentive program that those employees who produced well in accordance with
established company goals would receive award at weekly, monthly and quarterly
intervals. Something, however, was not working right. It appeared to CEO that after
an award was given, productivity would slack off until the next major award was
The CEO implemented his new system‐one in which no systematic process was in
place to provide reward. Rather, he now takes it upon himself to administer the
rewards as he sees fit. This means that employees don’t know when they may be
rewarded but understand that any reward given is attributed solely to company
Since its beginning, this unusual incentive plan has resulted in significant changes in
the company. Productivity has shot up, while simultaneously work force has shrunk;
company sales record are being broken each year; and employees are receiving
more reward than ever before. One difference, however, is that these rewards are
tailored to the unique needs of each employee; that is, rather than a rigid incentive
plan whereby employees receive a similar reward, employees are now afford the
opportunity to receive what they want. And what are some of these tailored
rewards? One employee got a five‐day, all‐expense‐paid trip to Dubai for the entire
family; another got an expensive suit and a set of pearls for his wife; yet another
got an expensive Laptop (portable personal computer).
1. How CEO has linked his self‐determined reward system to the motivation
2. Would you consider new incentive plan to be fair, when one employee can
get a trip to Dubai for the entire family, while another got an expensive
Laptop (portable personal computer)? (5‐Marks)
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Plz Help..... Kindly Give Some Idea..!!!!
HRM_Rewarding.ppt, ye file open ni ho rhi, croupt ha. plz give another idea...
i think the ceo acted wisely by changing the incentive plan because know the employees are feeling more energetic and commited towards showing their best in the company. therefore the Production is also increasing day by day.
hope this idea works
sir is this the real solution becosue it is not going well
kisi ne b tekh se idea nahi dia es ka.... plz bata dein... confusion khatam krein
koi tu btao idea kuch smjj nae a raha
ap ko totally samhj nahi aa rahi kya
I like, the new incentive plan
dear students i don t more but one thing which is I observe our instrutor of this subject give marks those who answer to the point and so maj ko ys assignment bary laj rah h ky
1.performance appraisal or motivition tehories which is in lec 31 answer would b contain in this lec so try and make a precise idea and no waste time bcz paper is start from 22 aug and wasting of time affect our preparation of final exam so discuss about in u capabilities
and more as CEO link with either performance appraisal or motivation theories of any one of them in my idea is maslow ,s need hierarchy so any one know better discuss