In this seminar, we look at how an organization develops a motivating and rewarding incentive plan. Despite the widespread use of incentive pay, there is limited evidence about what factors influence its organization-wide, broad-based application. Research in incentives has focused on performance measures and pay-performance sensitivities but has largely ignored the "performance standard,” which generates important incentives whenever plan participants can influence the standard-setting process.
Onsite training or in-house training is defined as any training that is held in company premises in order to educate, develop or improve employees’ skills. This involves all technical and soft skills courses that serve for this purpose.