Question
Watch the following videos: https://hstalks.com/t/4327/introduction-to-performance-incentives-ten-reasons/ https://youtu.be/AA6prmISYZI Read the following articles: https://www.businessinsider.com/wells-fargos-scandal-is-a-cautionary-tale-about-incentive-pay-2016-9 https://www.vox.com/2014/9/26/18080592/va-scandal-explained https://www.vice.com/en/article/xgxx54/amazon-drivers-are-instructed-to-drive-recklessly-to-meet-delivery-quotas https://www.theguardian.com/business/2012/jul/03/glaxosmithkline-fined-bribing-doctors-pharmaceuticals After you've watched the videos and skimmed through the articles, please
Watch the following videos:
https://hstalks.com/t/4327/introduction-to-performance-incentives-ten-reasons/
https://youtu.be/AA6prmISYZI
Read the following articles:
https://www.businessinsider.com/wells-fargos-scandal-is-a-cautionary-tale-about-incentive-pay-2016-9
https://www.vox.com/2014/9/26/18080592/va-scandal-explained
https://www.vice.com/en/article/xgxx54/amazon-drivers-are-instructed-to-drive-recklessly-to-meet-delivery-quotas
https://www.theguardian.com/business/2012/jul/03/glaxosmithkline-fined-bribing-doctors-pharmaceuticals
After you've watched the videos and skimmed through the articles, please answer questions 1 to 3 below:
1. The videos and articles mention several potential issues that can go wrong with employee incentives. Briefly summarize 3 to 4 of the issues from the videos and/or articles that seem most problematic to you and explain why you find these to be the most problematic. Note that there isn't one right answer regarding which issues are most problematic; responses will vary based on the relevance of each issue for a given person.
2. If you've worked before or are currently working, think about how you are (were) paid. Does (did) the way you are (were) paid seem to inadvertently reinforce or encourage any undesired behavior from employees? Conversely, is there any type of behavior that you think the company would like to see more of (or that you think would be beneficial for the company), but that the compensation package is not reinforcing effectively?
If you haven't worked as a paid employee before, you can answer these questions for one of the jobs at the companies discussed in the articles above. Note that you may not have very specific details about the company's compensation system beyond what's highlighted in the article. You can make assumptions if necessary to answer the question!
3. If you've worked before or are currently working, how could the compensation package for your role be improved to better motivate employees, while both leveraging strengths and minimizing any potential drawbacks of incentives/pay-for-performance. You can discuss any combination of the pay methods covered in class or the textbook (e.g., merit pay, merit bonus, individual or group incentives, gain sharing, profit, sharing, employee stock ownership plans, etc.), or even other methods if you have additional ideas. Be sure to elaborate on why your plan can accomplish these goals.
If you haven't worked as a paid employee before, answer this question for the role of a salesperson of the product of your choosing.
Please provide detailed responses.
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