Personnel Psychology - Lecture 11 - Compensation & Pay for Performance Plans скачать в хорошем качестве

Personnel Psychology - Lecture 11 - Compensation & Pay for Performance Plans

In this video, we explore compensation and pay-for-performance (PFP) plans as essential strategies in human resource management. You’ll learn about different PFP systems, their effectiveness, and how they align employee rewards with organizational goals. We’ll also examine individual and group-based PFP methods like merit pay, piece rate, profit sharing, and employee stock ownership plans (ESOPs). Table of Contents: 1. Effective Pay-for-Performance Systems: Learn the key features that make PFP systems successful, from strategic alignment to measurable performance goals. 2. Types of Individual PFP Plans: Discover methods like merit pay, incentive plans, piece rate, sales incentives, and bonuses, which reward individual achievements. 3. Group-Based PFP Plans: Explore PFP strategies that reward team performance, including profit sharing, gain sharing, and ESOPs. 4. Considerations for Implementing PFP Plans: Understand the factors to consider when designing PFP systems, such as who’s included, performance measurement, and types of rewards. #Compensation #PayForPerformance #MeritPay #IncentivePlans #ProfitSharing #GainSharing #EmployeeStockOwnership #HumanResources #RewardSystems #ProfessorQ #SubscribeForMore #WorkforceMotivation #EmployeeIncentives #HRBestPractices #OrganizationalGoals #EmployeeEngagement