HUMAN RESOURCE MANAGEMENT – 878846 Contents Introduction 3 Literature review on performance and pay 3 Measuring performance on the basis of pay 5 Conclusion 6 Bibliography 7 Introduction Human resource management is a concept that aims at improving the performance of a workforce by improving work conditions and relations between employers and employees. Therefore, human resource managers are relying upon pay or compensation as a way to keep the employees motivated and perform better (Perry et al.