In a UK study conducted by Herriot et al. (1996), it was found that employees used fairness and pay most frequently when work environment was discussed. It was the two things that topped the list of things that employees paid attention to when discussion of work environment came up.
Pay for performance is the third most commonly discussed concept in development of Merit pay system. Recent developments in the field of management and performance-based evaluation systems provide conclusive evidence of the fact that the understanding of the urgent need to motivate and reward employees based on their performance is augmenting over time.
That is why "analysts are predicting that performance-based deals will become increasingly prevalent, with some estimates showing pay-for-performance rising to 30% of all online ad revenues by 2006" (Riolo, 2002)
However, another research-based analytical article by some of the best experts in the related field, read the following thereby highlighting both the negative and the positive recent development in the thought process regarding the pay for performance process:
"Real pay for performance is the biggest trend coming down the tracks, and it's going to hit the workforce like a freight train. In today's tight labor market, employers are paying what potential employees demand. But at the same time, they're finding that they've already realized the easy productivity gains from technology advances. So as the economy slows, the light at the end of the tunnel is sure to be an oncoming train. Employers will be locked into hefty payrolls with no way to increase productivity to compensate for their high fixed costs" (Tulgan, 2001, p. 19)
Thus, one of the most pivotal elements in any true performance-based system is that "rewards must actually be tied to actions within the direct control of individuals" (Tulgan, 2001, p. 19)). One of the most common examples projecting and proving this model includes organizations wherein employees are paid...
Work-Life Balance The objective of this research is to examine how business managers should deal with the work-life balance issues of their employees. This will be accomplished by conducting a review of the literature in this area of study and will include previous studies and reports of an academic and professional peer-reviewed nature. The present economy has made the survival of businesses a challenging pursuit with climbing costs of labor not to
Taylor had faith that the best man for the job is to be chosen. He is required to possess the physical and intellectual qualities to attain the required output. However, it was up to the management to make it sure that the right people were chosen and trained. This forms the foundation for the quality circles. Operatives congregate to deliberate on work related difficulties, prove into the reasons and solutions
If this is possible, it would be useful and relevant to correlate the financial results of each year with the inflation levels. Generally, if the evolution is a positive one and the results of the foreign company increased, then it can be formed an intermediary conclusion that the expatriates are effective in generating financial results. Yet, in order to make the final decision and assess the very effectiveness of the
HR and Corporate Strategy The work entitled "Overcoming the Barriers to Strategic HR Management: Old Issues. New Solutions" states that strategic HR "is characterized by being forward-thinking, proactive and, most of all, creative...Strategic HR is also about thinking about possibilities and connecting those possibilities in concrete ways to the business that you support." (ADP, 2007) This work intends to address organizational strategic HR management as it relates to the: (1)
Since trust is an important factor in the change process, special steps must be taken to build trust in the virtual environment. These include building a team with strong but complementary abilities and high integrity and immediately orienting the team towards the end objective in a non-competitive manner (Greenberg, et al., 2007). There is also a higher risk for breakdown in a virtual team. Therefore, in organizing such a team
America's Medical System is Broken: Can it Be Saved and at What Cost? It is not an undisclosed reality that the health care system of the United States of America is the most expensive in the world. The American government spends almost two times as much per individual as compared to other advanced nation-states for achieving better health outcomes. However, they are neither better nor satisfactory and are much poorer in
Our semester plans gives you unlimited, unrestricted access to our entire library of resources —writing tools, guides, example essays, tutorials, class notes, and more.
Get Started Now