Performance Related Pay

Author of Report:
Shevon Oxford (Personnel manager)

The purpose of this report is to gather views from staff regarding the introduction of a performance related pay system.

Requested by: Tony Milward (Personnel Director) of Transmitacom. Transmitacom is a company, which produces software for the telecommunication industry.

Date request was made: 01/11/04

Date completed: 16/11/2004

The data was collected from a variety of books dedicated to the subject of Performance Related Pay and from an article entitled: Performance Related Pay is it a motivator? Also from internet sources.

What is Performance Related Pay?
Performance related pay is the idea of Frederick Taylor who comprised his theory of scientific management. ‘It is a bonus salary increase awarded in line with an employee's achievement over a range of criteria.' These criteria depend on each job. (David Lines and Ian Marcouse pp)
A company that adopts this method has to set......

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Title: Performance Related Pay
Approximate Word Count: 943
Approximate Pages: 4 (250 words per double-spaced page)

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1. Performance Related Pay
   

   performance related pay. Performance Related ... motivator? Also from internet
   sources. What is Performance Related Pay? Performance ... ...

2. Performance-Related Pay
   

   ... The trend of reward from the Performance related reward aspect is changed from
   focus on individual PRP to team based performance related pay. ... ...

3. Reward-Performance-Related Pay
   

   Reward-Performance-Related Pay. ... 2) Since performance related pay usually rewarding
   employees individually, it is difficult to encourage teamwork. ... ...

4. Performance-Related Pay
   

   Performance-Related Pay. Performance-Related Pay (PRP) has become a growing trend
   in the last two decades in many organisations (Cadsby, Song & Tapon, 2007). ... ...

5. Performance Related Pay
   

   Performance Related Pay. 1. Basic of performance-related pay (PRP) The popular
   reward system, performance-related pay (PRP) is defined ... ...