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Shop floor level rewards - compensation management - Manu Melwin Joy

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Shop floor Level Rewards Compensation Management
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Page 1: Shop floor level rewards -  compensation management - Manu Melwin Joy

Shop floor Level RewardsCompensation Management

Page 2: Shop floor level rewards -  compensation management - Manu Melwin Joy

Prepared By

Kindly restrict the use of slides for personal purpose. Please seek permission to reproduce the same in public forms and presentations.

Manu Melwin JoyAssistant Professor

Ilahia School of Management Studies

Kerala, India.Phone – 9744551114

Mail – [email protected]

Page 3: Shop floor level rewards -  compensation management - Manu Melwin Joy

Shop floor Level Rewards

• Shop-floor incentive

schemes are based on

the principle of payment

- by-performance.

Page 4: Shop floor level rewards -  compensation management - Manu Melwin Joy

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.

Page 5: Shop floor level rewards -  compensation management - Manu Melwin Joy

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.

Page 6: Shop floor level rewards -  compensation management - Manu Melwin Joy

Shop floor Level Rewards

• This is in accordance with

the instrumentalist view of

motivation which is closely

associated with

‘Taylorism’.

Page 7: Shop floor level rewards -  compensation management - Manu Melwin Joy

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.

Page 8: Shop floor level rewards -  compensation management - Manu Melwin Joy

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