Uneven motivation is given to encourage intelligent, ambitious and efficient personnel
Incentive system could be either a) Monetary and/or b) Non-monetary
Retaining Personnel
Coercive policies like entering into an agreement
Package for long-term stay includes promotional avenues, increasing financial incentives over the period of time, deferred payment of financial benefit in the long-run, superannuating allowance or long-term stay bonus (where benefits may be forfeited if the employee leaves prematurely.
ESOS( Employee Stock Option Scheme)
ESPS ( Employee Stock Purchase Scheme)
Persuasion – by CEO or top executives
Personnel Mobility: Moving the personnel within the organization or outside in the form of promotion, demotion, transfer, separation and deputation. Organizations have to provide a policy framework for this.
Right person at right job
Motivation for promotions through good performance.
Another issue is separation- VRS/CRS
Deputation on new project in the same company
Industrial Relations
Safeguard interests of workers and management through mutual understanding.
Avoid industrial conflicts and strikes.
To raise productivity to a level which satisfies both workers and management
To overcome resistance to change- particularly those aspects which directly affect workers like change in technology
Participants