Payment System and Influence of Motivation

TABLE OF CONTENTS INTRODUCTION 4 TIME grade salary 6 TIME RATES give lineage PERSONAL palpate 8 hire BY event 13 PAYMENT BY RESULT PERSONAL EXPERIENCE 16 PAYMENT BY RESULT CASE study 19 doing BASED PAYMENT 20 PERFORMANCE BASED PAYMENT CASE STUDY 22 PAYMENT SYSTEMS AND MOTIVATION THEORIES 23 CONCLUSION 28 APPENDICES 29-34 A home(a) Staff 2001 execution Review B put upment by Result lawsuit Study C Performance ground consecratement reason Study D Presentation slides REFERENCES 35 INTRODUCTION Pay, effort, exertion and rewards are core issues in the employer-employee relationship. The primary quill reference to measure formulate dates back to the printing make out during the fourteen-century. From the employees perspective, policies regarding wages, salaries and other earnings have a major trespass on their standard of living. Pay is often considered as a sign of status and success and , consequently, employees attach great broadness to buy off decisions when they evaluate their relationship with the organization. As a result, pay decisions are care safey structured and managed in any organization. From the employers charge of view, pay is a powerful tool for furthering the organizations strategic goals. Pay and manoeuver measurements are elements of control and demand for people at work. According to Armstrong & Murlis (1994), the interpretation of Reward Management is the action of developing and implementing strategies, policies and systems which lead to organisational objectives by obtaining, keeping and increasing the motivation and commitment of employees. Reward is one method that companies use to make known with employees about their value and contribution to the organisation. Effective reward incommode results in the optimisation of staff costs, while individual and organisational effect can be improved. The process involves re cognising that employees are motivated by a ! variety of factors, including, pay, benefits, personal and professional development and the work environment. Appropriate integration of these elements to satisfy... If you want to get a entire essay, order it on our website: OrderEssay.net

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