Order Now Order Now
Login / SignUp
Order Now

Home Free Essays

>>

All Subjects

>>

HRM

>>

No Need

No Need

Download

[Name of the Writer]

[Name of the Institution]

[Title]

Money has always been an important factor in motivating people for showing better performance, all over the world. Many organizations use better pay packages to get the best out of their employees, and keep them motivated (Cascio, 2016). A new term for this purpose is emerging in the market, known as “Pay for performance”.

Human Resource Expert, Mr. Kerry Chou believes that pay programs in return for the performance are an important factor that motivates the employees and makes them work harder for the success and profitability of the organization. He explains that two theories come in effect at this point; the first one is the Expectancy Theory, which explains that employees, working in an organization, analyze the goal on three important parameters. Firstly, they check whether the goal is attainable or not, second, they analyze the reward they are getting in return for putting an effort in that goal and thirdly, they check whether that reward is valuable for them or not (Chou, K. 2014). The second theory that explains this behavior is Equity Theory. This theory states that employees compare the level of effort they are putting in an organization with the rewards they are getting in return. If the results are at a positive side, the employee becomes motivated and performs well, otherwise, he or she will try to be lazy and avoid doing hard work.

The composition of the workforce of an organization is greatly affected by the pay programs it is offering. For example, if the packages of an organization are good and favorable for the employees, they will be more motivated and much happier to put an effort into the progress of the company. In contrast to this, if the organization takes work form the employees but does not provide good rewards in return, it will demotivate the employees and make them show unprofessional behavior.

References

Cascio, W. F. (2016). Managing human resources. McGraw-Hill.

Chou, K. (2014). Pay for Performance Part 1: Theory and Practice. Retrieved from https://www.youtube.com/watch?v=NTtCAyBe6Ak

More Subjects

Education

(5614)

English

(2294)

Business And Management

(1760)

Healthcare And Nursing

(1684)

Psychology

(929)

History And Anthropology

(743)

Sociology

(572)

IT

(446)

Education

(429)

Finance, Accounting And Banking

(419)

Philosophy

(347)

Political Science

(310)

Law And International Law

(308)

HRM

(300)

Economics

(288)

Biology And Life Sciences

(267)

Literature

(249)

Marketing And PR

(238)

Culture

(140)

Environmental Science

(109)

Geography

(92)

Statistics

(64)

Maths

(53)

International Relations

(44)

Physics

(30)

Chemistry

(25)

Capstone

(8)

Project Management

(8)

Reflective Thinking

(7)

Critical Review

(3)

Linguistics

(3)

Critical Appraisal

(2)

BUS 2090

(2)

English 12 Drama

(1)

Business Information Technology

(1)

Operational Plan

(1)

Corporate Finance

(1)

L2 Photography And Design

(1)

Food Nutrition

(1)

Leadership

(1)

Nursing

(1)

MBA

(1)

Social Enterprise Project

(1)

Government

(1)

Our tools

Essay typer Grammar Checker Plagiarism Checker Citation Generator

Useful Links

Free Essays About Blog

Contact me

info@freeessaywriter.net

If you have any queries please write to us

Join our mailing list

Invalid Email Address!
Thank you for joining our mailing list

Please note that some of the content on our website is generated using AI and it is thoroughly reviewed and verified by our team of experienced editors. The essays and papers we provide are intended for learning purposes only and should not be submitted as original work.

@ All Rights Reserved 2023 info@freeessaywriter.net

Privacy Policy Terms of Service Use Contact
Back to top