APPLICATION OF MOTIVATION CONCEPTS AND THEORIES

BY:
KEDAR RISBUD
HITESH JAIN
MANPREET SINGH
MARY DIVYA
JAWAD RUMANE
HEENA...
PROFIT SHARING
• COMPENSATION BASED ON MATHEMATICAL
FORMULA DERIVED AROUND COMPANY’S
PROFITABLITY

A. DIRECT CASH
B. STOCK...
GAIN SHARING
• GROUP INCENTIVE SCHEME
• INDEPENDENT OF COMPANY PROFIT
• DEPENDS UPON
PRODUCTION WORKER IN A MEN’S SHOE FACTORY
Who are Production Workers?

Wages is the return given to
workers for their ment...
PRODUCTION FACTORY AT BATANAGAR
Factors
Below 25
26-35
36-44
45 and above

No.of workers
24
26
6
4
60

%
40
44
10
6
100

HOW DO WE MOTIVATE THESE WORKERS?...
INCENTIVES BASED SCHEMES
Incentives are an additional
remuneration payable to
efficient workers for their
meritorious perf...
FOCUS POINT
TYPES OF INCENTIVES AND
ALLOWANCE
INDIVIDUAL TARGET SETTING

BENEFIT SCHEMES
EFFECTS
FARM WORKER PICKING CHICKOOS

WAGE INCENTIVES
PIECE PAY RATE SYSTEM
CLERK PROCESSING INSURANCE
CLAIMS
SKILL BASED PAY
• DIVERSITY OF SKILLS
• MORE VERSATILITY, MORE COMPENSATION
TEACHER IN A PUBLIC SCHOOL

SKILL BASED PAY
FAST GROWING COMPUTER
COMPANY

SKILL BASED PAY
THANK YOU
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INCENTIVES

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Incentives provided to various categories of individuals to motivate them.

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INCENTIVES

  1. 1. APPLICATION OF MOTIVATION CONCEPTS AND THEORIES BY: KEDAR RISBUD HITESH JAIN MANPREET SINGH MARY DIVYA JAWAD RUMANE HEENA JAIN
  2. 2. PROFIT SHARING • COMPENSATION BASED ON MATHEMATICAL FORMULA DERIVED AROUND COMPANY’S PROFITABLITY A. DIRECT CASH B. STOCK OPTIONS
  3. 3. GAIN SHARING • GROUP INCENTIVE SCHEME • INDEPENDENT OF COMPANY PROFIT • DEPENDS UPON
  4. 4. PRODUCTION WORKER IN A MEN’S SHOE FACTORY Who are Production Workers? Wages is the return given to workers for their mental and physical efforts which they put into the production process.
  5. 5. PRODUCTION FACTORY AT BATANAGAR
  6. 6. Factors Below 25 26-35 36-44 45 and above No.of workers 24 26 6 4 60 % 40 44 10 6 100 HOW DO WE MOTIVATE THESE WORKERS??
  7. 7. INCENTIVES BASED SCHEMES Incentives are an additional remuneration payable to efficient workers for their meritorious performance in terms of time, costs and quality to motivate them to be more productive.
  8. 8. FOCUS POINT
  9. 9. TYPES OF INCENTIVES AND ALLOWANCE INDIVIDUAL TARGET SETTING BENEFIT SCHEMES
  10. 10. EFFECTS
  11. 11. FARM WORKER PICKING CHICKOOS WAGE INCENTIVES PIECE PAY RATE SYSTEM
  12. 12. CLERK PROCESSING INSURANCE CLAIMS
  13. 13. SKILL BASED PAY • DIVERSITY OF SKILLS • MORE VERSATILITY, MORE COMPENSATION
  14. 14. TEACHER IN A PUBLIC SCHOOL SKILL BASED PAY
  15. 15. FAST GROWING COMPUTER COMPANY SKILL BASED PAY
  16. 16. THANK YOU

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