A major consulting firm recently launched a new project n1anagers' incentive plan. Basically, senior n1anagers in the
Question:
A major consulting firm recently launched a new
"project n1anagers' incentive" plan. Basically, senior n1anagers in the con1pany were told to award $5000 raises (not bonuses) to about 40 percent of the p roject n1anagers in their team based on how good of a job they did in 1nanaging people on their projects, 1neeting deadlines, and the nu1nber of projects each project n1anager was responsible for that year. There we.re no addi,tional criteria provided, given the wide variance in projects and teams that the consulting firm secures in a given year. What are the potential advantages and pitfalls of such an incentive program? What areas of support or concern do you think project managers might have with the incentives? What areas of support or concern do you think senior managers might have with the incentives?
Step by Step Answer:
Human Resources Management In Canada
ISBN: 9780132604864
12th Canadian Edition
Authors: Gary Dessler, Nita Chhinzer, Nina D. Cole