Essay heading: 8 reasons why pay for performance only works in theory
Essay specific features
August 24, 1999
No of pages / words:
8 / 1987
Rating of current essay:
'Employees receive both intrinsic and extrinsic rewards for performance. Intrinsic rewards are self-granted and consist of intangibles such as a sense of accomplishment and achievement. Extrinsic rewards are tangible outcomes such as pay and public recognition’ . The value of intrinsic rewards is often neglected, without reason as according to some research: “extrinsic rewards can lose their motivating properties over time and may undermine intrinsic motivation” ...
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The value of intrinsic rewards is often neglected, without reason as according to some research: “extrinsic rewards can lose their motivating properties over time and may undermine intrinsic motivation” . And “some research shows that workers value interesting work and recognition more than money” .
Why is pay for performance considered as a system that might contribute to a company’s performance?
One of the objectives of Human Resource management in general is to align the human resources of the company with its strategy and with specific circumstances...
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