HRM324 Week 3 Team Assignment: Incentive Pay

HRM 324 Week 3 Learning Team Assignment: Incentive PayStep 1As a team, write an introduction discussing the nature of incentive plans and their benefit to employers and employees. The introduction should be a minimum of 200 words.Step 2Individually (each team member), discuss the individual, team/group and/or organizational wide incentives that are offered in your current organization or one that you’re familiar with. In a minimum 200-word synopsis, discuss how the incentive plans are administered and comment on whether believe the incentive plans are effective in motivating employees to go above and beyond to meet organizational goals. Each student’s synopsis should be labeled with their name.Step 3As a team, write at least 200 words that indentify common themes among the incentive plans within your chosen organizations as well as suggestions as to how incentive plans can be structured and administered to ensure maximum employee motivation.Format and cite your paper according to APA standards.