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Essay

Reward-Performance-Related Pay

Essay specific features

 

Issue:

Business

 

Written by:

Aubrey V

 

Date added:

November 24, 2012

 

Level:

University

 

Grade:

A

 

No of pages / words:

1 / 271

 

Was viewed:

9245 times

 

Rating of current essay:

 
Essay content:

Its key aim is to motivate employees and improve firm performance and productivity. Reasons for using performance-related pay (PRP)? • Improve productivity and firm performance • Improve motivation • PRP give great power to managers and reduce trade union influence. • A way to distinguish the good performer from the bad and to reward them accordingly...
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There are some problems related to PRP: 1) There is much doubt about whether performance-related pay actually does anything to do with performance. 2) Since performance related pay usually rewarding employees individually, it is difficult to encourage teamwork. 3) Performance depends on other factors such as job autonomy, job flexibility, working with the ‘right’ colleagues, etc...
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General issues of this essay:
Can information systems provide businesses with a competitive edge? Are such IT related competitive advantages sustainable in the long run? Why or why not? Discuss The Ways In Which Recent Work In Areas Related To Organisational Theory Have Challenged Or Contributed To Conventional Understandings Of The Subject. Performance Related Pay Performance appraisal as a positive part of the performance management process Performance-Related Pay Performance-Related Pay performance related pay Reward-Performance-Related Pay Strategic Thinking And Strategic Management Processes Contributing To Organisational Performance Work Related Behavior Police Work And Related Fields Sleep Observations Related to Potential Errors at Work Report Understanding and Managing Work-Related Stress How Sleep Deprivation Affects Psychological Variables Related to College Students Cognitive Performance Technology and work related stress
 

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