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Incentives are variable rewards granted to employees as per the variations in their performance.
The following are the setbacks associated with group incentive schemes;
1.The incentive may be insufficient to motivate individual workers especially the ones possessing high level of skills.In short there is no reward solely on individual’s own effort.
2.Due to group/team focus, individual job performance will not be improved.
3.A group incentive plan/scheme may be less effective as compared to an individual incentive plan because, under it, the individual does not see his/her effort leading to the award.
4.Since overall performance depends on team effort the conflict and disagreement may be seen in the workplace among teammates.
5.The problem of self-deception can occur.
6.Usually, group members expect greater than average rewards, which lead to internal conflict within the team
nathan1 answered the question on July 1, 2018 at 11:52
- From the following information prepare a cost statement clearly showing the various components of the cost of production (20 Marks)
Sh.
stock on 1st January 2007 48,000
Raw materials 9,800
work in...(Solved)
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Sh.
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