Best Practice Companies
what where the 4 best practice companys we used
What is Zappos,Bain and company, HP, and Dream Works
What was one of the 3 advantages of group incentives
what is teamwork, goal setting / performance, rewards / accomplishments
What are 2 examples of group incentive plans?
What are profit sharing programs and non-monetary incentives.
What is the topic we presented
Where is Dave from?
Henniker
What are 2 out of the 5 incentives Dream Works offer
What is Screenings, Art shows, Art classes, Development lectures, Craft fairs
What is one of the three disadvantages of group incentives
What is Social loafing can occur, Individual output may be discounted, Group infighting may arise
what are the 2 reasons listed in the powerpoint that organizations use group incentives?
what is boost organization performance, and employee engagement.
What does ESOP stand for?
what is Employee stock ownership plan
Nuts
what company has virtual dance partys
What is HP
what is one way we explained group infighting may arise
what is group members may feel they need to compete instead of cooperate
there might be a breakdown of communication
What are 3 parts of the organization which benefit from group incentives?
What is the performance team, management team, and shareholders
Who did we interview for our presentation?
Who is Sebastian Villacres
How many classes has Dave missed in all his years of teaching?
2
what company has a group incentive to pay out unhappy employees
what is zappos
What is a social loafer
What is a individual who avoids providing their max effort in group settings becasue it is difficult to pick out individual performance
How do group incentives benefit the 3 groups listed in the presentation?
What is
Performance team
Group incentives help out the performance team by tracking how an employee works with their coworkers. It helps highlight points where the employee is struggling at work and spots that they succeed in.
Management team
Group incentives also help out the management team by having that option to reward their employees. This gives the management team and their employees a stronger connection with each other and makes the employee work harder to accomplish their goals.
Shareholders
Although the shareholders aren’t always involved in the everyday running of the business, group incentives could benefit them greatly. If the group incentives are used correctly, the production of the organization should go up which in turn helps benefit the shareholders that are involved with the company
What did our interviewee say that the organization they work for could do better to improve group incentives?
Proper communication with employees and continuous management is key to maintaining and improving them.
Where did Dave go to college? (ALL 4)
KSC, UNH, BU & SNHU
What company has been listed as one of the best place to work for the past 14 years
what is Bain&company
Why do group incentives discount individual output and how could this make an individual feel?
Individual effort can be hard to track in a group setting and it can make the individual feel like they can hold back because it won't be noticed, especially when there are bad relationships within the group.
What are the 3 design parts of an incentive program?
It is simple to understand the rewards and how they are calculated so every person knows what they have to do successfully
The employee is able to know how they are doing compared to the desired outcome during the process
Employees understand how their actions connect to the needed results
The HP cooking classes are led by what chefs?
What are Michelin chefs
What is Dave's favorite food?
Ice Cream