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