Types of Incentive Schemes

Apparel Industry Management 3(3+0)

Lesson 29 : Incentives

Types of Incentive Schemes

Incentive schemes are many and varied. The International Labour Organisation (ILO) classifies all the schemes of payment by results into four categories. They are:

  1. Schemes where the workers earnings vary in the same proportion as output
  2. Schemes where earnings vary less proportionately than output
  3. Schemes where earnings vary proportionately more than output
  4. Schemes where earnings differ at different levels of output
Index
Previous
Home
Next
Last modified: Thursday, 24 May 2012, 6:42 AM