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What is tje best way to develop pay system that are understandable workable and acceptable to employees at all levels?
Wiki User
∙ 14y ago
- Performance Pay can't replace good management.
- You get only what you pay for.
- Pay does not work as an effective motivator.
- Sometimes rewards punish.
- Rewards rupture relationships.
- Rewards can have unintended consequences.
- Rewards may undermine responsiveness.
- Rewards undermine intrinsic motivation
- etc. etc.
What then can we do to make an effective pay plan? Some guidelines follow:
- Ask yourself: Are performance levels inadequate due to motivation?
- Link the incentive with your strategy.
- Make sure the program is motivational.
- Make the plan easy for employees to understand.
- Set effective standards.
- View the standard as a contract with employees.
- Get employees' support for the plan.
- Use good measurement systems.
- Use a complete set of standards.
- Make the incentive plan part of a comprehensive, commitment-oriented approach.
You should clarify ahead of time what measures or metrics you intend to improve by instituting your pay system/plan. A statistical analysis may help.
Wiki User
∙ 14y ago
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What is the aims of the performance management?
Performance management helps managers develop their employees. When they monitor performance, they can help their employees become better at their jobs.
What are the purposes of performance management?
The performance management aims to assess and ensure that the employees are carrying out their tasks well. This also enables the employees to develop their skills.
What ensures that employees develop the skills and abilities that will enable them to perform their jobs?
Management should ensure this.
