group incentive

group incentive

[′grüp in′sen·tiv]
(industrial engineering)
Any wage incentive applied to more than one employee who is engaged in group work characterized by interdependent relationship between operations with consequent physical proximity and unification of interest.
McGraw-Hill Dictionary of Scientific & Technical Terms, 6E, Copyright © 2003 by The McGraw-Hill Companies, Inc.
References in periodicals archive ?
From a theoretical perspective, group incentive systems could result in lower productivity than individual-based ones, because of a weaker link between performance and pay.
School-level group incentives and teacher-level individual incentives performed equally well in the first year, but individual incentive schools outperformed the group incentive schools after two years of the program.
we have national group incentive agreements in all major product categories like substrates, tool & die, inks, pre-press, digital, shipping and more with world class Vendor Partners who recognize FLAG as a national account.
The company offers full-service performance improvement solutions, including meeting and event management, group incentive travel and individual recognition solutions through its wholly owned subsidiary Creative Group, Inc.
Probably the best-known individual or small group incentive pay plan is piece rate.
Delegation to the Board of Directors, under the provisions of section 2443 of the Italian Civil Code, of the authority to resolve, on one or more occasions for a maximum period of five years starting from the date of the shareholders' resolution, to carry out a free capital increase, as allowed by section 2349 of the Italian Civil Code, for a maximum amount of EU 77,370,044.40 corresponding to up to 22,800,000 UniCredit ordinary shares to be granted to the Personnel of the Holding Company and of Group banks and companies in execution of the 2016 Group Incentive System; consequent amendments to the Articles of Association.
Group incentives are subject to a "public goods" problem: individual members may free-ride on performance of other group members unless selective, individual-level performance measures are applied to distribute a share of group incentive payment in proportion to individual provider contribution to the team's production (Olson 1965).
NATPE's Station Group Incentive Program, which offered incentives to attract various sized station groups, did the trick, with 28 station groups registered to attend.
"Another five submissions under the initiative's dedicated corporate meetings and incentives schemes were supported and staged last year including the Schlumberger Interchange attended by 150 delegates; Toshiba Europe attended by 50 delegates; the Close Asset Group Incentive with 37 delegates; The Owners Group Abu Dhabi attended by 180 delegates and the InterContinental Hotel Groups Asia, Middle East and Africa Leaders Meeting attended by 400 delegates."
17745), co-authors Douglas Kruse, Joseph Blasi, and Richard Freeman find that firms that make greater use of group incentive pay with supportive policies decrease voluntary turnover by almost 11 percentage points.
"We've won the group incentive (supported by hair products giant Redken) of an all expenses paid long weekend in New York in March."
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