CASE STUDY

Incentive Pay Part of the strategy at Nucor

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Incentive Pay Part of the strategy at Nucor

Question 1

The compensation system of any organization is based on two components; monetary and non monetary. Porter (2008) says Monetary component consist of basic salary and complete package in tangible terms. On the other hand, the non monetary component comprises of reward and recognition, training and development opportunities and support from the reporting authorities. Same is the case of Nucor. A significant part of employee's package is based on their performance and profitability of the company. However, there exists room for improvement. This ...