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Current practice with regard to short-term incentive schemes for middle managers

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Author(s): Chrisilla Grigoiadis | Mark Bussin

Journal: South African Journal of Human Resource Management
ISSN 1683-7584

Volume: 5;
Issue: 1;
Date: 2007;
Original page

Keywords: Incentives schemes | scheme effectiveness | middle management

ABSTRACT
This study aimed to determine what the current practice is with regard to short-term incentive schemes for middle managers. This was done by means of a quantitative study through a structured research survey completed by a sample of forty-eight organisations. The design elements, performance measures and payout practices of the various schemes in use were surveyed, as well as the participants’ view on the perceived effectiveness of their short-term incentive schemes. Evidence shows that the majority of organisations have a short-term incentive scheme in place for middle managers, and that the type of scheme used in most of the organisations is a performance-related bonus scheme, introduced mainly to drive business performance and reward superior performance.
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