Why Incentive Plans Cannot Work

WHY INCENTIVES PLANS CANNOT WORK

Customer Name

Customer Grade Course

Tutor 's Name

17th , August , 2010

Introduction

Incentive plans can be defined as the formal plan of actions to be undertaken as a way of promoting a particular behavior among the employees and in turn promoting worker retention as well as among the various customers and dealers . The process involves the giving of rewards to the members of staff and to employees as a way of increasing profitability through improved worker productivity and through improved sales . Rewards given

include merchandise , non cash rewards , certificates and gift cards as well as cash . This paper looks at the workability of Incentive plans in Hutchinson and BloodGood LLP , an accounting and consulting Company . It gives reasons why incentives cannot work and hence should not be adopted . Hutchinson and BloodGood is a large consulting and accounting company in California that work towards providing consulting as well as accounting services to clients as a way of maximizing their wealth and to promote business growth . The company was established in 1922 with an aim of serving their customers by providing quality services at all time . Being an international , regional and even local firm , the company has numerous offices all over California and an employee population of about one hundred professionals and twenty five partners from different back grounds . Other offices are located in regions such as Watsonville , Glendale , Elcentro and San Diego . Just like many other companies , Hutchinson and BloodGood LLP are constantly aiming at increasing...