Pros and cons of a pay for performance system


Problem:

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.

Solution Preview :

Prepared by a verified Expert
HR Management: Pros and cons of a pay for performance system
Reference No:- TGS01873102

Now Priced at $25 (50% Discount)

Recommended (90%)

Rated (4.3/5)