Compensation management [ MBA / MHRM ] TOPIC : Executive and shop floor level rewards

1. COMPENSATION MANAGEMENT
TOPIC:- Executive and shop floor
level rewards

2. EXECUTIVE
 Person or group appointed and given the
responsibility to manage the affairs of an
organization and the authority to make decisions
within specified boundaries.
Definition
2
 relating to or having the power to put plans or
actions into effect.

3. Shop-floor LEVEL
REWARDS.
Shop-floor incentive schemes
are based on the principle of
payment - by-performance.
3

4. Shop-floor LEVEL
REWARDS.
These schemes reward the number of items
produced, the time taken to do a certain amount
of work and/or some other measure of
performance. They may relate to part or all of
the pay received by an employee.
4

5. Shop-floor LEVEL
REWARDS.
F. W. Taylor(1911), stated that the object of shop-
floor incentive scheme was to reward the input of
labor within closelydefined tasks and by so doing, to
stimulate people to work at a faster pace and increase
their output.
5

6. Shop-floor LEVEL
REWARDS.
This is in accordance with the
instrumentalist view of motivation which is
closely associated with ‘Taylorism’
6

7. Shop-floor LEVEL
REWARDS.
The view that employees will only work harder if
they get more money still dominates thinking
about shop floor incentive schemes.
7

8. MANU.S.ASHOKAN
THANK YOU
8