MT203 Unit 7 Discussion Pay for Performance Systems
Topic: Pay for Performance Systems
You read about various methods used to reward employees for their individual performance and incentive plans to motivate employees. Based on your reading, answer the questions below in this Discussion.
- Describe some of the most significant benefits of a pay for performance system.
- Pay for performance also has its list of challenges. Discuss the main areas of concern with the implementation of a pay for performance system. How can organizations address the negative aspects of this type of system?
- How can the organization’s manner of creating and carrying out an incentive plan improve the effectiveness of the plan?
Support your response with information from the textbook or other academic sources.
MT203 Unit 7 Discussion Pay for Performance Systems Answer
Hi class,
Some great benefits of pay for performance are helping with meeting goals and to motivate employees. The reading and other research suggested that the company would be more productive and have employees that are able to do more if performance pay is installed. This is based on the idea that the program could motivate and provide the employee’s incentives to perform better. …………
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