HRM and the Performance related pay
Date Submitted: 09/10/2006 05:16:03
Category: / Social Sciences / Psychology
Length: 5 pages (1393 words)
Category: / Social Sciences / Psychology
Length: 5 pages (1393 words)
Before I get started with the arguments related to for and against individualized performance related pay I would outline the reason why such arise at all in any industry and why at first place managers have decided that such a method should be applied in order work to be performed more efficiently.
Everything starts with the assumption that pay does not have to "chaotic" in means that every worker should be paid this what he …
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…I would like to add that even if such 'new' strategy hides a lot of risks both for the management of any given company and the employees, the right adoption of this model would definitely benefit everyone within the organization. For the firm that would be saved money, time and additional resources. For the workers motivation, new opportunities and rewards, of course pointing at the workers that pose knowledge, strength and desire to do it.
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