Running Head : founder for functioning comprise for PerformanceCustomer Inserts His /her NameUniversity NamePay for achievement is an old upright an stiff compensation system which companies have been using since advance 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 effective system motivating employees to work productively and foster employee lode and dedication to the comp both . It is not harmful for the employees in whatever 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 hardly at ti mes results in no benefits when the profits atomic number 18 low .
Therefore , it is an good 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 pecuniary resource to the employees , the y can be recognized and praised for their ha! rd work piece the deserving ones can be promoted as well . The moot management must make them feel important so that they...If you want to get a full essay, order it on our website:
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