Paper Title :Motivational Potential of Group Incentives and their Relationship with Organizational Performance

Author :Lovorka Galetic, Maja Klindzic

Article Citation :Lovorka Galetic ,Maja Klindzic , (2017 ) " Motivational Potential of Group Incentives and their Relationship with Organizational Performance " , International Journal of Management and Applied Science (IJMAS) , pp. 32-37, Volume-3,Issue-11

Abstract : This paper explores the prevalence of group cash and non-cash group incentives as well as a typical profile of a company that applies such incentives. Furthermore, differences in behaviors, attitudes and organizational success was compared between companies that apply at least type of employee financial participation and those that do not apply them at all. Based on the results of an empirical research undertaken on 42 medium-sized and large companies, it was revealed that employee financial participation schemes are mostly used for managers with profit-sharing schemes being most frequently used form of employee financial participation. Additionally, the majority of companies that apply employee financial participationis owned by private domestic capital, are established after 1990 and are limited liability companies. Finally, of companies reporting to apply employee financial participation, the majority is profitable, are more productive compared to competitors, experience more pleasant organizational climate and have lower absenteeism rates of managers and experts. Index Terms - Employee financial participation, group incentives, profit-sharing, reward management.

Type : Research paper

Published : Volume-3,Issue-11

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