Incentive Pay Plan For Honeywell

Decent Essays
In conclusion, if Honeywell implements some of these strategies like an incentive pay plan, telecommuting and flexible work schedules, they will become more successful. The incentive pay plan will motivate employees to perform excellent performance, which will generate more revenue for the company. Telecommuting will allow Honeywell to work with top talent regardless of their time zone and help retain talent by giving them more flexibility. Also, telecommuting can save Honeywell millions of dollars in open business space needs. The flexible work schedules will benefit the employees and Honeywell. The flex-time can help employees meet family needs, personal obligations, and life responsibilities conveniently. Also, Honeywell can reduce turnover

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