Incentive Plan Assignment ECN601

Incentive Plan Assignment ECN601

Incentive Plan Assignment ECN601

ECN 601 Week 6 Assignment: CLC Incentive Plan

ECN 601 Week 6 Assignment: CLC Incentive Plan

Details:

This is a Collaborative Learning Community (CLC) assignment .Within your CLC team, discuss your current organization’s employee incentives and motivation strategies. Examine the individual organization’s compensation challenges and industry competition. Based on this discussion, teams will develop an incentive plan suitable for all participating members that encourages an organizational culture that motivates employees and evaluates their performance. Your incentive plan (1,000-1,250 words) must include:

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  1. An overview of the organization for which your team is developing an incentive plan.
  2. A performance metric to monitor employee performance.
  3. Motivation strategies and techniques to appeal to employees.
  4. Incentive compensation to remain competitive within the industry.
  5. Moral hazard affecting employees and the organization.

Prepare this Incentive Plan assignment according to the guidelines found in the APA Style Guide, located in the Student Success Center. An abstract is not required.

This Incentive Plan assignment uses a rubric. Please review the rubric prior to beginning the assignment to become familiar with the expectations for successful completion.

You are required to submit this Incentive Plan assignment to LopesWrite. Please refer to the directions in the Student Success Center.

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ECN 601 Week 6 Peer Evaluation Form

Details:
Complete the “Peer-Evaluation Form.” Points assigned to individuals in the group will be prorated based on the peer-evaluation.ECN-601-RS-PeerEvaluationForm.docx

Week 3 Discussion 1

What market structure best describes the environment within which your organization operates? What challenges and opportunities would arise from higher and lower degrees of government intervention?

Week 3 Discussion 2

According to Coase’s theory of the firm, why do firms exist? How do firms contribute to the efficiency of the market economy in ways that networks of independent contractors do not? How are the boundaries of the firm best established?

Week 5 Discussion 1

Read “7 Easy Ways to Use Game Theory to Make Your Life Better,” by Duronio. Reflect on your personal life experiences. Discuss a instance in your life in which you used game theory to earn or save money. Did you realize you were implementing game theory in the situation? How did the outcome benefit you at that moment and in the future?

Week 5 Discussion 2

Using the Topic Material “Game Theory,” discuss your perspective on the use of game theory. How do “Nash equilibrium” and the idea of one “player” impacting another “player” within an organization affect the economic decisions and growth of an organization?

Week 6 Discussion 1

Discuss the importance of analyzing competition within an industry to better appeal to potential candidates. How can an organization use incentives to ensure it appeals to the employees it wants to hire?

Week 6 Discussion 2

Discuss how wages are determined in labor markets. Explain how a monopsony market structure is affected by a price floor (minimum wage), and what is the effect of the monopsony of the local economy?

ECN 601 Week 6 Assignment: CLC Incentive Plan, Incentive Plan Assignment ECN601

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