Coworker relations and incentive schemes

• Main Authors: Teo, Erica Yan Ting, Soh, Geraldine Zixin, Teo, Hui Xin
• Other Authors: Tan Teck Yong
• Format: Final Year Project
• Language: English
• Published: 2019
• Subjects: DRNTU::Social sciences::Economic theory
• Online Access: http://hdl.handle.net/10356/77024
• Institution: Nanyang Technological University

In the workforce, when seen from an economic theory perspective, managers’ main aim is to maximise the firms’ profits. However, they have no idea whether workers act in their best interests. Therefore, managers need to think about how to utilise different incentive schemes to elicit effort and truth...