How Companies Can Use Pay Linked to Performance to Increase Organisational Effectiveness
Module title: Managing personnel and Human Resources
Assignment 1
Introduction
The purpose of this paper is to attempt to asses how companies can use pay linked to performance to increase organisational effectiveness. This paper will consider different examples of how companies can utilize pay correlated to performance to increase organisational effectiveness. This paper will identify the different factors that an organisation uses linked to pay, including organisations reward systems for attitudes and behaviours of individual employees which is linked to the effectiveness of an organisation. This paper will also consider what the organisation is setting out to do to enhance on individual performance and how organisations control there workforce.
All organisations work in different ways with different aims and objectives that they want to reach, with performance being the key to it. The main objective of a company is to achieve optimal employee efficiency and assurance through performance- linked pay. When companies advertise they provide information about the job such as, job description, pay rates, job base location, indicating qualifications and what experience required and how to apply for the job. Each organisation wishes to employ those who will meet the targets and meet the objectives that the organisation wants to reach. Organisations want success and in order to achieve that, they have to make sure that there employees are always motivated and so that they achieve better results. Many argue that performance related pay doesn’t encourage performance and some suggest that it does enhance on performance. Many organisations believe that motivation is a driving force- ‘Motivation is the creation of stimuli, incentives and working environments that enable people to perform to the best of their ability. The heart of motivation is to give people what they really want most from work. In return managers should expect more in the form of productivity,
Assignment 1
Introduction
The purpose of this paper is to attempt to asses how companies can use pay linked to performance to increase organisational effectiveness. This paper will consider different examples of how companies can utilize pay correlated to performance to increase organisational effectiveness. This paper will identify the different factors that an organisation uses linked to pay, including organisations reward systems for attitudes and behaviours of individual employees which is linked to the effectiveness of an organisation. This paper will also consider what the organisation is setting out to do to enhance on individual performance and how organisations control there workforce.
All organisations work in different ways with different aims and objectives that they want to reach, with performance being the key to it. The main objective of a company is to achieve optimal employee efficiency and assurance through performance- linked pay. When companies advertise they provide information about the job such as, job description, pay rates, job base location, indicating qualifications and what experience required and how to apply for the job. Each organisation wishes to employ those who will meet the targets and meet the objectives that the organisation wants to reach. Organisations want success and in order to achieve that, they have to make sure that there employees are always motivated and so that they achieve better results. Many argue that performance related pay doesn’t encourage performance and some suggest that it does enhance on performance. Many organisations believe that motivation is a driving force- ‘Motivation is the creation of stimuli, incentives and working environments that enable people to perform to the best of their ability. The heart of motivation is to give people what they really want most from work. In return managers should expect more in the form of productivity,