Could you assist me with the important question of pay and the effects of pay on worker job performance. Imagine that you are a new Director of Human Resource Management coming into a medium size organization of 800 salaried and hourly employees. Let's assume that this is a manufacturing company with 80% hourly employees and 20 % salaried employees. You have been asked by Senior Management to discuss the pros and cons of a pay for performance wage system. In your discussion, prepare three bullet points that support a pay for performance system for all employees. On the other side of the issue, give three bullet points that may be negative in adopting a pay for performance system. Remember, you want to address only the pros and cons of a pay for performance system coming to all salaried and hourly employees.
- One of the pros of a pay for performance wage system is the fact that this type of system may prompt employees to give 100% in the achievement of organizational objectives, due to the fact that there is an incentive for them in the form of increased pay based upon their performance of their job duties within the organization.
-An important Pro of the pay for performance wage system is the fact that due to the fact that individuals understand that they would need to be at work in order to be but to perform effectively and gain increased pay, the ...
The affects of pay on worker performances are provided. Three bullet points that support a pay for performance system for all employees is given.