Paying for Performance Model in Managing Human Resources

Introduction

There are many ways to improve human resource management in modern organizations. Each manager tries to find out the best way to motivate employees, make them work hard, and investigate their potential and abilities.

Companies may be challenged by the necessity to choose between programs and models, and pay for performance model turns out to be on the list of the ideas to organize work, promote cooperation among employees, and achieve certain results (Waal, 2013). HR managers admit the presence of negative outcomes of pay for performance, including the reduction of autonomy and the promotion of wage dispersion (Allen, Whittaker, & Sutton, 2017). Therefore, the purpose of this paper is to investigate pay for performance and its possible impact on organizations and employees in terms of motivation and productivity.

Haven’t Found The Relevant Content? Hire a Subject Expert to Help You With
Paying for Performance Model in Managing Human Resources
Post Your Own Question And Get A Custom Answer
Hire Writer

Literature Review

Management of employee performance may depend on motivation, rewards, and control (Shields et al., 2015). Each organization demonstrates various approaches to the development of HR practices, and inequality should not be defined as a challenge, but as an outcome that has to be investigated (Fenton-O’Creevy, 2016). Ederer and Manso (2013) analyze pay for performance as an opportunity to increase job satisfaction and promote innovation in different facilities. Some employees are aware of how to use financial incentives and introduce new business strategies. Still, Gerhart (2013) questions the worth of pay for performance in some organizations because not all companies can use intrinsic and extrinsic types of motivation and inform employees about the role of rewards in their professional lives.

Pay for performance models are used to introduce a key motivator for employees (Allen et al., 2017). The more organizations promote financial rewards to their employees, the more chances to increase productivity may be observed. However, the effectiveness of such initiatives is closely connected to the level of satisfaction among employees (Waal, 2013). It is not enough to develop pay for performance plans and make sure that people get incentives regarding their abilities. It is necessary to evaluate the level of job satisfaction and the intentions to support employees with the majority of their endeavors.

Regarding the literary sources chosen for research and the explanation given by different authors, pay for performance can be identified as a significant payment model in many modern organizations in terms of which employees are provided with financial incentives regarding the quality of performance they demonstrate. Job satisfaction and productivity are the main outcomes of pay for performance.

Discussion

The results of the interviews conducted with the manager of a local business company show that monetary rewards have to be based on the level and quality of performance demonstrated by employees. At the same time, pay for performance plans may have certain benefits and drawbacks. On the one hand, pay for performance can motivate people, increase their incomes, help to discover their best skills and opportunities, and analyze recent achievements or losses. On the other hand, some managers are afraid of the possibility to promote inequalities, interfere with a working process, determine teamwork, and using selfishness as one of the main factors in organizational performance.

In both, the findings from the literature review and the interviews, motivation, and job satisfaction are defined as the main outcomes of financial incentives promoted through pay for performance models (Allen et al., 2017; Waal, 2013). These plans may cause positive and negative emotions and lead to various results. Still, today, organizations find it normal to use pay for performance plans to improve organizational performance, attract employees, identify successful and problematic employees, develop a fair treatment, and regulate costs.

An interviewee proves that monetary rewards affect the working environment and have to be regular because they motivate people (Shields et al., 2015). To vary initiatives, it is possible to certificate appreciation and help employees identify their best skills for future jobs and appropriate changes. Readings and interviews prove that pay for performance may have alternatives, and the next portion of research should be devoted to the most effective options that can replace pay for performance.

Conclusion

The research question about the worth of pay for performance in organizational performance is answered. Pay for performance is proved as the option to motivate employees, increase their productivity, and gain control over various activities.

References

Allen, T., Whittaker, W., & Sutton, M. (2017). Does the proportion of pay linked to performance affect the job satisfaction of general practitioners? Social Science & Medicine, 173, 9-17.

Ederer, F., & Manso, G. (2013). Is pay for performance detrimental to innovation? Management Science, 59(7), 1496-1513.

Fenton-O’Creevy, M. (2016, July 24). Pay for performance around the world: How much choice do firms have? HR Magazine.

Gerhart, B. (2013, October 8). Pay for performance and intrinsic motivation [Video file].

Shields, J., Brown, M., Kaine, S., Dolle-Samuel, C., North-Samardzic, A., McLean, P.,… Plimmer, G. (2015). Managing employee performance & reward: Concepts, practices, strategies. Cambridge, UK: Cambridge University Press.

Waal, A. (2013). Strategic performance management: A managerial and behavioral approach. New York, NY: Palgrave Macmillan.

MyhomeworkGeeks
Calculate the price of your paper
Pages (550 words)
Approximate price: -

Why Hire a Professional Essay Writer from MyHomeworkGeeks

Quality Urgent Essays

Domyhomeworkk online platform provides the best essay writing service ever received elsewhere, thanks to our professional essay writers. Experience gained in the 10+ years of being in the assignment writing industry is also an added advantage.

Professional and Experienced Academic Writers

A lot is done to maintain us as the best essay writing service provider. Besides owning a degree from a recognized university, a writer must pass the rigorous tests we take them through before they are considered eligible to offer urgent essay help on our website.

Affordable Urgent Assignment Help

Who said a reliable website should not be cheap also? While it is human nature to associate prices with quality, that does not always work. At domyhomeworkk.com, we guarantee you cheap and urgent essay help without compromising the quality.

24/7 Available Urgent Essay Writing Service

Whether it is a ‘write my essay for me cheap’ or ‘edit my essay’ order you want to request, always feel free to reach us at any time of the day. Our experts work in shifts to ensure that you access urgent essay writing services at any time of the day.

Plagiarism Free Essays Online

The punitive measures that come with plagiarized content are so harsh, and we understand that. We consequently ensure to write each client’s papers from scratch no matter how urgent the essay is. To acknowledge borrowed content, our quick writer references and cites the work.

Wow Customer Support 24/7

Our support agents are available 24 hours a day 7 days a week and committed to providing you with the best customer experience. Get in touch whenever you need any assistance.

Try it now!

Calculate the price of your order

We'll send you the first draft for approval by at
Total price:
$0.00

How it works?

Follow these simple steps to get your paper done

Place your order

Fill in the order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits you most.

Receive the final file

Once your paper is ready, we will email it to you.

Our Services

So much stress and so little time? Take care of yourself: let us help you with your tasks. We offer all kinds of writing services.

Essays

Custom Essay Writing Services

No matter what kind of academic paper you need and how urgent you need it, you are welcome to choose your academic level and the type of your paper at an affordable price. We take care of all your paper needs and give a 24/7 customer care support system.

Admissions

Admission and Business Papers

An admission essay is an essay or other written statement by a candidate, often a potential student enrolling in a college, university, or graduate school. You can be rest assurred that through our service we will write the best admission essay for you.

Editing

Editing and Proofreading

Our academic writers and editors make the necessary changes to your paper so that it is polished. We also format your document by correctly quoting the sources and creating reference lists in the formats APA, Harvard, MLA, Chicago / Turabian.

Coursework

Revision Support

If you think your paper could be improved, you can request a review. In this case, your paper will be checked by the writer or assigned to an editor. You can use this option as many times as you see fit. This is free because we want you to be completely satisfied with the service offered.

Have a homework question? Get help from verified tutors now!