Directorate of distance education master of business administration

Wage payment plans
Two broad classifications are 
i. 
Non-incentive wage plans like tune wage rate system.
ii. Incentive wage plans like piece –rate system. 
Incentives
 
Four types of incentives: 
 
ӹ Direct Incentives 
 
ӹ Indirect Incentives 
 
ӹ Financial Incentives 
 
ӹ Semi-Financial Incentives
 
ӹ Non-Financial Incentives.
Motivation
 
Motivation is defined as “an inducement which inspires a person 
to harness all his energy and capabilities and ply the same to the job 
willingly, in order to achieve the organizational objectives”. 

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There are two sets of motivation 
i. Positive Motivation – Reward, good pay, recognition, suggestive 
system, particular, supportive supervision, promotional avenues etc., 
ii. Negative motivation – Reprimand, fines, demotion, lay off, discharge 
etc., (Not strictly motivation but detractors). 
Integration
 
All the aforesaid themes are to be integrated and one should not 
work in isolation.  
Maintenance 
 
Everything should go on smoothly and there should not be halting 
or interruption at any point.