High Level

Question 1

Requirements for a Successful Incentive Plan

Answer 1

Setting Performance Measures

Administering Incentive Plans

Question 2

Types of Incentive plans

Answer 2

Individual Incentive Plans
Incentives for Professional Employees
Group Incentive Plans
Enterprise Incentive Plans

Question 3

Individual Incentive Plans

Answer 3

Piecework 
     straight piecework
     differential piece rate
Standard Hour Plan 
Bonuses 
Merit Pay 
Lump-Sum Merit Pay 
Incentive Awards and Recognition 
Sales Incentives 
	straight salary plan
        straight commission plan
        combined salary and commission plan
        sales plus bonus plan.

Question 4

Incentives for Professional Employees

Answer 4

The Executive Pay Package 
        Executive Base Salaries
	Executive Short-Term Incentives
	Executive Long-Term Incentives
	Executive Benefits
	Executive Perquisites

Question 5

Group Incentive Plans

Answer 5

Team Compensation
Gainsharing Incentive Plans
Scanlon Plan
Improshare

Question 6

Enterprise Incentive Plans

Answer 6

Profit sharing
Stock options
Employee stock ownership plans (ESOPs)