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Reward Management: Monetary incentive program does not work
Member rating: No Rating | Words: | Submitted: Thu Aug 19 2004
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The Department of Management Human Resource Management Literature Review Reward Management: Monetary incentive program does not work Name: Dong Yan Student No.: 19106688 Lecturer: Tui McKeown Due date: 24 August, 2004 Word count: 1033 Introduction Pay has been thought as a powerful tool of improving the organization's outcome, because money can alter employee's attitudes and behaviours to fulfill the organization's strategic goals. Therefore, many companies tend to choose a reward program called individual monetary incentives program in order to improve their employees' performance. However, there are a great number of researches showing monetary incentive may fail to stimulate people's productivity. This literature review will focus on explaining why financial incentives program doesn't work always. There are two sections in this review. Firstly, some practitioners' view about this issue will be presented. Then, the finding of previous researches which have been done about this topic will be explored. What do practitioners say about monetary...
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