The NIS Academy

PG Diploma in Applied Management

Project Guidelines for Semester III
Individual Project

Objectives of the Project:

• To study the monetary and non monetary incentives that organisations use to
motivate their employees.

• To take feedback and check satisfaction of the employees on the incentive scheme
that is applicable to them.

Instructions for Students:

Select an organization of your choice and identify the monetary and non-monetary
incentives that they adopt to motivate their employees. You will be required to write a
report and make a presentation on your findings and recommendations.

A linkage of the motivational plan with the theories of motivation needs to be arrived at.

Report and Presentation:

The content of the presentation should include the following;

1. The name of the organisation studied.
2. The motivational plan that they implement.
3. Comparison with other companies in the same industry.
4. Recommendations
5. Conclusion

Assistance
Please seek clarification and approval from your faculty regarding the organisations you
propose to visit. If you so desire, the faculty will also issue a letter of introduction for
you. Do ensure that you discuss your progress with your faculty at regular interval and
seek assistance/advice in getting the required information.

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 The NIS Academy

Notes for Faculty:

Ask students to select the organization of their choice and to study their monetary and
non- monetary incentives.

Each student is required to prepare an individual report that will later be presented in
class.

The main purpose of the project is to give them an understanding of the HR practices in
an organization and how an incentive motivates people.

They may also be asked to link different incentive schemes with the theories on which
they are based upon. Such as how an incentive of 2% on all sales made, is a satisfier for
the sales people but an incentive of 5% on any sales above 250 units is a motivator. (Two
factor theory.)

Students may also identify the uniqness of incentives to different departments. Such as, a
one-year further study for the R&D team but a leisure trip with family, to the sales team
etc. (reference Employee incentive programs, chapter 4, case Robotic Engineering Ltd.)

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