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Pay-for-Performance Program and Its Influence

   

Added on  2023-04-20

12 Pages654 Words449 ViewsType: 449
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PAY-FOR-PERFORMANCE PROGRAM
AND ITS INFLUENCE
Pay-for-Performance Program and Its Influence_1

WHAT IS PAY-FOR-PERFORMANCE PROGRAM?
“Pay for performance is the compensation program for the non-
repre)sented employees working in the organisation” (Olaisen &
Revang, 2018).
Pay-for-Performance Program and Its Influence_2

HOW PAY-FOR-PERFORMANCE PROGRAM INFLUENCE
EMPLOYEE WORK BEHAVIOURS
Employees perform better on their job due to pay
They agree for developing the job skills more readily due to pay
People stay in the organisation or leave the organisation mainly due
to pay
People join in an organisation due to pay
Pay-for-Performance Program and Its Influence_3

RELATIONSHIP BETWEEN PAY AND PERFORMANCE
Employees work for earning money that satisfies their needs
Financial rewards or incentives is very important for motivating the
employees for exhibit high degree of performance.
Every employees want to be appreciated for their work and be
properly compensated by their employers
Pay-for-Performance Program and Its Influence_4

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