Incentive Plans

Incentive plans can be one method of encouraging certain behavior within an organization. Healthways has an incentive program which is pay for organizational performance. According to Noe, et al, an effective performance plan should be linked to an organizations goal and employees should believe they can meet performance standards (Noe, Hollenbeck, Gerhart, & Wright, 2004). Incentives linked to profits and stock prices have a degree of risk for the employee. Profits and stock prices can …

…References: Healthways (2006) About Us retrieved August 5, 2006, from http://www.healthways.com/Vista [Intranet] Kohn, Alfie, (1993, October). For Best Results, Forget the Bonus, New York Times, October 17, 1993, retrieved August 5, 2006, from http://www.alfiekohn.org/managing/fbrftb.htm. Noe, R., Hollenbeck, J.R., Gerhart, B., & Wright, P.M. Fundamentals of Human Resource Management. (2004). New York: McGraw-Hill/Irwin. Received: On Time Word Count: 683 Good paper. It relates incentives directly to Healthways and their incentive plans. Points: 9.9/10