In order to do it properly, results of various studies will be analyzed.In the end recommendation on the choice of appropriate pay scheme will be offered and overall conclusions will be drawn to finally answer the initial question.In addition, they have a clear understanding of exactly how the work must be done, and the sense that they do it well.
First of all, let me describe advantages for employees (Rynes, Gerhart and Parks, 2005): 1) career boost: if effectively implemented, employees with the help of PRP can effectively monitor their own performance and further their careers.
For those who perform well it is also possible to back their words up and prove that they deserve bonus or salary increase.
Ability of reward system to encourage and satisfy the employee depends on the structure of the system and the degree of realization of it.
Different companies have developed many different systems and practical ways to reward and effectively stimulate employees to achieve satisfaction of each worker.
Studies have shown that although most managers proclaim their commitment to “pay for performance” system, in practice they reward the employee work in accordance with his experience and time spent at work, rather than on the characteristics of the results achieved.
Theoretically, an organization must achieve a unique interdependence between what and how an employee works and what reward he receives.First of all, in this way it is convenient to identify the company’s problems of underperformance and reward achievements.It is thought that in this way employees will become motivated towards better results and achievement of company’s targets.Reward is a motivating factor when it is directly connected with the results of the work performed.Employees must be convinced of the strong association between receiving financial reward and productivity of their work.PRP schemes usually vary on the basis of different criteria, such as the area in which business works, the size of the company, different approaches to the choice of employees, etc.Still, it is possible to distinguish the following common features, which are characteristic practically of all the PRP schemes: , it is also necessary to understand the main reasons driving employers when they decide to implement such schemes into their practice.Introduction This paper is aimed at understanding whether performance-related pay can lead to improvement in employee’s performance and job satisfaction.In order to answer this question, it is first of all necessary to research the nature of this payment system, analyze the reasons why employers choose it for their organizations.In both cases there are certain advantages and disadvantages.PRP has benefits in multiple fields both for employees and employers.
Comments Research Papers On Job Satisfaction
Motivation, Work Performance, Job Satisfaction Research
This research paper on Motivation, Work Performance, Job Satisfaction was written and submitted by user Tomas Robinson to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly.…
The effects of organizational structure on employee.
Organizational trust, job satisfaction, high performance organization, and traditional organization. Employees in all organizations want to work in an environment of trust and respect where they feel they are making a real contribution to organizational goals and objectives.…
Is Performance Related Pay a Proven Path to Improving
This paper is aimed at understanding whether performance-related pay can lead to improvement in employee’s performance and job satisfaction. In order to answer this question, it is first of all necessary to research the nature of this payment system.…
FREE Job Satisfaction Essay
Motivation, Job Satisfaction, and Job Performance Amber J. What Foster's Job Satisfaction?Job satisfaction leads to job performance, but only when performance is linked to valued rewards. Idea of Personal Satisfaction About Life The motivation for this paper is to determine overall.…
Job satisfaction a literature review
Job satisfaction represents one of the most complex areas facing today’s managers when it comes to managing their employees. Although thousands of papers and research have been conducted on job satisfaction all over the world.…
Reward Impacts on Job Satisfaction Free Essays -
Like performance, employee’s job satisfaction can be increased by applying rewards. Ritz,scott and cherrington, 1971. The reward can not increase the performance all the time but it always will increase the job satisfaction, therefore, based on the researches we could assume that the reward.…
Job Satisfaction - Research Paper
Job turnover & job satisfaction. Term Paper ID26947 Download This Paper. Essay SubjectMore Papers on This Topic. Paper Abstract Research design to determine if increasing job satisfaction among technological professionals reduces turnover rate.…
Inequality at Work The Effect of Peer Salaries on Job
Select one Research Researchers use a simple theoretical framework and a randomized manipulation of access to information on peers' wages to provide new evidence on the effects of relative pay on individual job satisfaction and job search intentions.…
History of Job Satisfaction - Research Paper
Read this Business Research Paper and over 30,000 other research documents. History of Job Satisfaction. However, workers became exhausted and dissatisfied, thus leaving researchers with new questions to answer regarding job satisfaction.…