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IPRP in Cavendish Hall Hotel

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Added on  2019-12-03

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Business • TABLE OF CONTENTS INTRODUCTION 3 TASK 3 Advantages of IPRP system to Cavendish Hall Hotel 3 Disadvantages of IPRP system to Cavendish Hall Hotel 4 How IPRP can improve poor performance of Cavendish Hall Hotel4 Barriers to the effective design and implementation of IPRP schemes5 Alternative reward approaches which could be used to complement, or replace IPRP and why these may work more effectively. • Individual Performance Related Pay System is the technique through which performance of each and every individual in

IPRP in Cavendish Hall Hotel

   Added on 2019-12-03

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IPRP in Cavendish Hall Hotel_1
TABLE OF CONTENTSINTRODUCTION................................................................................................................................3TASK ...................................................................................................................................................3Advantages of IPRP system to Cavendish Hall Hotel................................................................3Disadvantages of IPRP system to Cavendish Hall Hotel............................................................4How IPRP can improve poor performance of Cavendish Hall Hotel.........................................4Barriers to the effective design and implementation of IPRP schemes......................................5Alternative reward approaches which could be used to complement, or replace IPRP and why these may work more effectively................................................................................................6CONCLUSION ...................................................................................................................................7REFERENCES.....................................................................................................................................8
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INTRODUCTIONIndividual Performance Related Pay System is the technique through which performance ofeach and every individual in the organization in evaluated separately on the basis of determineddimensions. The present study has been made on Cavendish Hall Hotel which is a four star hoteland the entity provides a wide range of conference and banqueting facilities to the clients. As a partof new performance management system, the hotel introduced an individual performance relatedpay scheme in which every employee receives increment in the salary as per fixed percentage. Thus,in such context, the study has been describing advantages and disadvantages of IndividualPerformance Related Pay System and along with that, researcher has also discussed the waysthrough which organizational performance can be improved through IPRP system. TASK Advantages of IPRP system to Cavendish Hall HotelIPRP system is beneficial for the hotel as through that, individual performance can bereviewed and according to that, specific actions can be taken into account. Transparency can bemaintained among the employees and they can also have clear idea about their performance inorganization (Sahu, 2009). The system is useful in making valid and suitable comparison amongexpected and current performance and through this employee can make certain improvement in theperformance. In the below section, several advantages are discussed which Cavendish Hall hotelcan acquire through IPRP's execution in the hotel.Issues related to employees can be minimized: It has been observed that issues generatesamong employees if their performance is compared with others. Having IPRP system atCavendish Hall hotel could assist the manager to find out individual capability; thus onsuch basis, rewards can be provided. Helps in managing appropriate structure for rewards and incentives: Cavendish HallHotel needs to develop adequate structure for employee performance evaluation so thatemployee can identify the areas where they need to make several improvements.Furthermore, they can also ascertain several ways through which competency andcapabilities can be encouraged (Schwartz, 2001). It can raise employee motivation: IPRP system can raise employee motivation becausethe system is transparent enough and it can provide clear idea to the workforce regardingtheir efficacy or loopholes. Having clear review about the level of performance couldassist in employee motivation and as a result, it can encourage the workforce to performin highly productive manner.
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