Pay systems Introduction Pay is a key factor affecting relationships at work. The level and distribution of pay and benefits can have a considerable effect on the efficiency of any organisation‚ and on the morale and productivity of the workforce. It is therefore vital that organisations develop pay systems that are appropriate for them‚ that provide value for money‚ and that reward workers fairly for the work they perform. Pay systems are methods of rewarding people for their contribution to
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Merit-based aid programs have been widely adopted in the U.S‚ mainly serving as strategies to improve college access and stem brain strain. Current research on the impact of state merit-based aid programs mostly focus on enrollment effects and have demonstrated that these programs have successfully achieved these two goals (Monks‚ 2008; Ness & Tucker‚ 2008). However‚ there has been just a few studies of the unintended consequences of student major choice and course-taking behaviors influenced by
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rewards or incentive systems to compensate employees. Merit pay is the most frequently used system which rewards teachers with base increases or bonuses for acquiring and demonstrating specific knowledge and skills needed to meet educational goals such as improving student achievement. The million dollar question is‚ does merit pay increase teachers’ performance? Those in favor of merit pay argue that teacher performance should be based on a broad range of factors that in combination adequately
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Performance reviews are an integral part of business. Employees crave feedback‚ whether it is positive or negative‚ as it provides motivation and a better understanding of the job requirements. Anniversary Date and Common Merit Date performance reviews each have advantages and disadvantages. It would behoove the human resource professional to choose the approach that best suits their organization’s needs and goals. Some of the factors that should be taken into consideration are; planning cycles‚ hiring
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Skill-based pay refers to a pay system in which pay increases are linked to the number or depth of skills an employee acquires and applies and it is a means of developing broader and deeper skills among the workforce. Such increases are in addition to‚ and not in lieu of‚ general pay increases employees may receive. The pay increases are usually tied to three types of skills: • horizontal skills‚ which involve a broadening of skills in terms of the range of tasks • vertical skills‚ which
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July 21‚ 2011 Merit or Mistake In today’s society one of the most important factors in selecting a career field is rate of pay. No matter whether the profession maybe‚ the dollar figure must be within a range that allows the employee to maintain a substantial lifestyle. The debate of teacher pay scales has raged on for years. Many argue that the current pay scale for teachers is a scale which rewards teachers merely for seniority. They argue that the current pay scale overlooks those educators
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Though there is support from psychological concepts for the implementation of merit pay increasing student achievements‚ there are also opposing arguments as to why merit pay would not help increase student performance. For example‚ educators cannot control who is assigned to their classes‚ and the motivation and ability of the students varies every year (Ramirez‚ 2011). The ability varies because of the different backgrounds the students come from which affects their intelligences‚ learning capabilities
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Can Merit Pay Accelerate School Improvement? James W. Noll’s 2008 book Taking Sides: Clashing Views on Educational Issues discussed a variety of current issues in American education. Our EDM 501 class used Mr. Noll’s book and its topics as subject starting points for our debates this semester. I found many of the subjects to be very interesting and controversial. It was one of the final issues in the book‚ Issue #21 Can Merit Pay Accelerate School Improvement that stuck with me and it
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The process of creating the pay structure depends on whether the pay is job-based‚ competency-based‚ or skill-based. The pay based on the results of a competency-based evaluation considers the level of competencies required for successful performance. In this method‚ the level of competencies values the job and the pay is based on the use of competence but not the results. The competency-based pay structure focuses on individuals. Salaries and raises are based on how well employees acquire the
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[Type the company name] | Merit Pay at Carroll Universiy | Should the Winners Take All? | | | 11/19/2010 | | Introduction: Performance related pay in academia‚ in particular merit pay‚ is often a source of controversy. As cited in Value-Related Issues in a Departmental Merit Pay‚ a faculty-designed merit pay plan is defined as “a process that may produce a pay increase for university faculty who perform a variety of worthwhile work activities according to the practices‚ policies
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