Variable Remunation / Incentives Modelling
Hi everyone, currently i am doing some research on modelling
incentives/variable remuneration together with operational
segments (production, service delivery, logistics). If any
knows about papers and articles on the subject, please let
me know. If any one is interested on the subject, let me know
as well.
This is part of a ""performance measurement and control project"". .
Thanks.
Francisco Perez
Venezuela
From: Francisco Perez <francisco77pp@yahoo.com>
Variable Remunation / Incentives Modelling
-
Francisco Perez
- Junior Member
- Posts: 6
- Joined: Fri Mar 29, 2002 3:39 am
-
Jean-Jacques Laublé
- Junior Member
- Posts: 12
- Joined: Fri Mar 29, 2002 3:39 am
Variable Remunation / Incentives Modelling
Hi Francisco
It is difficult not to be interested in the different incentives that can
motivate people.
In my business the motivation is responsible of more then 80% of its
results.
Finding ways is another matter.
I have struggled for more then 30 years and have found none, except working
closely with people, helping them to get personal results, taking into account their own
personality and putting them in a motivating environment (other people mainly).
This is more important then monetary incentives.
I have tried during about 10 years an incentive system that was splitting
the results of the business equally between employees, shareholders and the business.
I have stopped the experience for lots of reasons: for example when there
were results people were satisfied, and when there were none, people were not.
They did not make a relation between their work and their results.
I am now no more systematic and adapt myself to the circumstances without
any preconceived ideas.
It is too complicate to explain my own experiences, but the subject is
particularly complex because it depends on the kind of business, the individualities,
the fact that after a while people get accustomed to anything (good or
bad!), that the incentives get less motivating after a while plus many other
factors (the laws of the country, the results of the business, its structure (number
and size of the installations), the evolution of the competition, the possibility to individualize the
results etc..)
To model that it is necessary to study a business that has made
experimentations for many years, and to compare the results of the model to the reality.
It is very easy when modelling to take your desires for realities. (The
biggest cause of wrong modelling, from my short experience).
And suppose you have a solid model for that business, it will describe that
business during a certain period of time, and it will be necessary to study many other businesses to be able to
construct a general model addressing only a certain kind of business.
You can see that I am very doubtful on the subject. But anyhow if there is
somebody that has tried to model the subject, I am too interested.
J.J. Laublé
From: =?iso-8859-1?Q?Jean-Jacques_Laubl=E9?= <JEAN-JACQUES.LAUBLE@WANADOO.FR>
Allocar, rent a car company
Strasbourg France.
It is difficult not to be interested in the different incentives that can
motivate people.
In my business the motivation is responsible of more then 80% of its
results.
Finding ways is another matter.
I have struggled for more then 30 years and have found none, except working
closely with people, helping them to get personal results, taking into account their own
personality and putting them in a motivating environment (other people mainly).
This is more important then monetary incentives.
I have tried during about 10 years an incentive system that was splitting
the results of the business equally between employees, shareholders and the business.
I have stopped the experience for lots of reasons: for example when there
were results people were satisfied, and when there were none, people were not.
They did not make a relation between their work and their results.
I am now no more systematic and adapt myself to the circumstances without
any preconceived ideas.
It is too complicate to explain my own experiences, but the subject is
particularly complex because it depends on the kind of business, the individualities,
the fact that after a while people get accustomed to anything (good or
bad!), that the incentives get less motivating after a while plus many other
factors (the laws of the country, the results of the business, its structure (number
and size of the installations), the evolution of the competition, the possibility to individualize the
results etc..)
To model that it is necessary to study a business that has made
experimentations for many years, and to compare the results of the model to the reality.
It is very easy when modelling to take your desires for realities. (The
biggest cause of wrong modelling, from my short experience).
And suppose you have a solid model for that business, it will describe that
business during a certain period of time, and it will be necessary to study many other businesses to be able to
construct a general model addressing only a certain kind of business.
You can see that I am very doubtful on the subject. But anyhow if there is
somebody that has tried to model the subject, I am too interested.
J.J. Laublé
From: =?iso-8859-1?Q?Jean-Jacques_Laubl=E9?= <JEAN-JACQUES.LAUBLE@WANADOO.FR>
Allocar, rent a car company
Strasbourg France.