Incentive systems are an instrument of internal corporate communication and employee retention. But what options are there for making them effective? What exactly motivates employees and why? This book shows you concretely how to successfully establish and optimize the building blocks and methods of performance-based remuneration systems in your company. You will learn all about the industrial psychological and economic basics as well as the motivating implementation in practice.

Contents:

• Basic requirements for incentive systems: bonus function, contracts, basis of assessment
• Fairness aspects of the remuneration system: equal treatment, performance, social and gender justice
• Goals: motivation, selection, cost reduction, quality improvement, employee retention
• Perspectives: performance bonuses, variable remuneration, bonuses, commissions, individual or team remuneration.