Question

In: Accounting

clearly explain the basis upon which you would base your decision to award your workers some...

clearly explain the basis upon which you would base your decision to award your workers some incentives

Solutions

Expert Solution

Incentives could be awarded to the workers based on following basis-

  1. Productivity ratio-
    If the workers show productivity ratio of above 100%, then they could be awarded incentives.
  2. Constant growth-
    If the workers shoe improvement and growth in productivity, then they could be awarded incentives.
  3. Cost saving techniques-
    If the workers are able to save costs for the organization, then they may be awarded with incentives in order to motivate them further to save costs.
  4. Experience-
    When workers are became highly experience and skillful, then they may be awarded additiional incentives than normal workers.
  5. Overtime-
    The workers may be compensated for extra time they spend on work beyond the normal working hours.

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