ESSAY ON PERFORMANCE-RELATED PAY 1. Introduction Performance-related pay (PRP) is a financial rewarding system that links pay awarded to the work output of employees (CIPD‚ 2013). It is connected directly to individual‚ group and organisational performance (Armstrong‚ 2005). In the late 1980s and early 1990s‚ performance pay scheme became prevalently used in both private and public sectors in UK organisations‚ where it is perceived to be a motivation tool. 2. Theories about PRP As Thorpe
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De’Andre Adams Heather Surface Writing Seminar 6 May 2014 Receiving Pay For Performance: One of the most controversial topics discussed in collegiate sports‚ is that of whether college athletes should receive compensation beyond their financial aid for the services they perform. College athletics are a major source of revenue for universities‚ yet the student athletes rarely reap the benefits of the hard work that they provide. While students are awarded scholarships for their attendance in school
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April fourth is marked as National Equal Pay Day. This is a day that was started in1996 by the National Committee on Pay Equity is used to bring awareness of the gender pay gap across the globe. Equal pay has been an issue that gets brushed to the side within many governmental structures. Although President John F. Kennedy signed the Equal Pay Act in 1963 to abolish wage disparity‚ many corporations did not follow the regulations and guidelines that are set into place by the act. Corporations get
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The value of performance related pay Currently‚ many companies are utilizing the performance related pay (PRP) scheme. The PRP is often regarded as an effective method to achieve a better performance in both individual and collective terms. In the study of Cutler and Waine (1999)‚ PRP affords employees with opportunities to increase return after the performance appraisal. It is quite different with certain salary schemes‚ such as those offering an automatic increase in pay but despite employees’
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however‚ today’s society is demanding much more from businesses. Society is looking at not only if a company makes money but how it contributes to society. Society is insisting that companies change their focus to incorporate social‚ cultural and ethical responsibilities. British American Tobacco has done just that and the subsequent addresses these changes. 2. Brief History on British American Tobacco (BAT) British American Tobacco is the world’s second largest tobacco international tobacco
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Zhenzhen Xu BUSN290 Professor Craig Johnson Oct. 2‚ 2013 In chapter 1‚ I get to know five widely used ethical methods that are Utilitarianism‚ Kant’s Categorical Imperative‚ Rawls’s Justice as Fairness‚ Confucianism and Altruism. I choose Utilitarianism to compare with Confucianism. Utilitarianism is what we should consider both short- and long-term consequences when we make some ethical choices. The goal of Utilitarianism is to expand profits as possible as they can. In other words‚ it is a
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Ethical Issue in Business – Pfizer‚ Examined Staci Holt PHL/323 Cassandra Giles Sunday‚ August 1‚ 2010 Ethical Issue in Business - Pfizer‚ Examined Pfizer‚ Inc (Pfizer hereafter) is an international pharmaceutical firm with $45.2 billion in profits in previous years and has an estimated allotment for research and development around $7.9 billion (Pagnattaro‚ 2005). Currently involved in a legal battle originating from allegations that the company unethically pursued clinical trials in an
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Ethical Issue at Coca-Cola Ethics in Management – PHL/323 Derrek Choy 12/21/2009 Ethical Issue at Coca-Cola The Coca-Cola Bottling Company is a well-recognized brand and they have a chance to do extremely well in different aspects of business performance. However‚ this drink giant has experienced thoughtless ethical troubles with its affiliation amid their stakeholders. Although they engage in philanthropic contributions to learning and neighborhood programs‚ several stakeholders
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Current Ethical Issue in Business Paper Current Ethical Issue in Business Recently the scooter store founded in 1991 has had setbacks that led the company in laying-off 1800 employees. Later that week some 300 employees where brought back to continue working for the company. The scooter store serves some 700‚000 senior citizens and individuals with disabilities by providing their customers with mobility. The scooter store is the nation’s largest suppliers of power wheelchairs and scooters. Recently
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term referring to the treatment taken toward or against a person of a certain group in consideration based solely on class or category” (Britannica). There are many forms of discrimination in the workplace that human resources have to manage such as issues with men and women in the workplace‚ and racial discrimination. Men have become victims of discrimination in the workforce. There are certain careers that are viewed by some people to be “feminine” and men in these professions are generally stereotyped
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