Pay For Performance

Running Head : founder for functioning grant for PerformanceCustomer Inserts His /her NameUniversity NamePay for functioning is an old in force(p) an stiff compensation system which companies have been using since time to motivate the employees in improving their performance . The companies profitability is attri exclusivelyed to the employees performance due to which they argon given a part in profit sharing . Pay for performance is indeed an powerful system motivating employees to work productively and foster employee cargo and dedication to the comp both . It is not harmful for the employees in all way because even if the company profits decline , the employees and the executives do not receive anything less than their base salary . Pay for performance usually benefits the employees and executives moreover at times r esults in no benefits when the profits are low .

Therefore , it is an efficient system for ensuring that the employees stay motivated and perform to their fullest potential in to enjoy higher bonus from the higher profits (Chingos 2002Since employees and executives are always waiting for rewards and bonuses therefore , providing low benefits or bonuses sometimes disappoints them and lessens their hard work for the organization However , it must be remembered that rewards are not only of external nature but also of internal nature . Instead of providing extra currency to the employees , they can be recognized and praised f or their hard work trance the deserving on! es can be promoted as well . The fall upon management must make them feel important so that they...If you want to get a full essay, order it on our website: OrderCustomPaper.com

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