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Individual Performance Related Pay: Evaluation and Circumstances for Motivation

   

Added on  2023-06-18

10 Pages2591 Words272 Views
Strategic HRM
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Individual Performance Related Pay: Evaluation and Circumstances for Motivation_1
Table of Contents
INTRODUCTION...........................................................................................................................3
Main Body.......................................................................................................................................3
Critically evaluate the extent to which individual performance related pay can stimulate
higher levels of performance from employees............................................................................3
Consider in what circumstances IPRP tends to motivate employees..........................................5
Conclusion.......................................................................................................................................7
REFERENCES..............................................................................................................................10
INTRODUCTION
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Individual Performance Related Pay: Evaluation and Circumstances for Motivation_2
Human resources is set of individual and group members who are participating in the
organizational activities. Human resource is demanding concept and its requirement is more in
each and every enterprises. HR department is the backbone of the enterprises because it can
useful to monitor and record all the activities of the manpower. HR manager is contain all the
consideration of the strategic Human resource Management so that manager can effectively
manage all the operations of the workforce in an organization. Organisation is also considered
the IPRP ( individual performance related pay ) so that all the employees can focus on their
performance & productivity. This project is based on the Morrison which is largest retailer
organization established by William Morrison in 1899. The headquarter of this corporation
situated in Brandford , UK. The motive of this essay is to evaluate the concept of individual
performance related pay. This report will analyze that individual performance can stimulate be
higher level of performance . Moreover this report also determine the circumstances IPRP trends
in order to motivate the employees and not work so well. This report will determine the if
specific applications related to the individual performance related pay and generalize the concept
related to the motivational theory.
Main Body
Critically evaluate the extent to which individual performance related pay can stimulate higher
levels of performance from employees.
Individual performance related pay famously known as IPRP is an appropriate scheme which can
improve the productivity of the organization and incorporated with various factors which are
involved to improve the productivity. This scheme consider the group initiative & profit sharing.
On the basis of Summer specific empirical evidence, it can be generalized that specific policies
intervention mainly facilitate PRP which can be successful in contest of the productivity which
can be generalized from the young & also small organization (Miyamoto, 2018). The scheme
related with the IPRP can determine the specific payment and reward system on the basis of
their individual performance in the organization. This scheme is useful to improve the
performance was culture in the organization so that it and every individuals can provide their
best contribution in order to perform well and achieve organizational objective. IPRP is provide
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Individual Performance Related Pay: Evaluation and Circumstances for Motivation_3

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