Strategic Human Resource Management: IPRP Trend for Motivating Employees

Strategic human resource
management

Table of Contents
Introduction.........................................................................................................................................3
MAIN BODY.......................................................................................................................................3
IPRP trend for motivating employees................................................................................................3
Conclusion............................................................................................................................................7
REFERENCE......................................................................................................................................8

Introduction
The strategic human resource management is an connection between companies
strategies, human resource, goals and objectives. The main aim of the strategic human
resource management is too to provide company a competitive advantages, innovation an
advanced flexibility in there workplace.
This report will cover IPRP that is known as individual performance related pay is
used within a hrm. IPRP Are mainly implemented within a organisation in the respect of
different reason and some of them are two increase the strengthening between the
performance as well as reward. it is also used for employees Motivation and provide strength
to work effectively within organisation.
MAIN BODY
IPRP trend for motivating employees
Individual performance related pay plays an important role within an organization as
it motivates employees towards accomplishing goals of company. Within organization,
employees have different needs and if employer satisfies their needs and provides some
motivation to them then it makes employees feel valued and motivated. Employees have 2
types of needs such as financial and non financial. In financial, they want pay, bonus,
incentives and others. This pay and motivation is being given to employees on the basis of
their performance and when employees get such motivations or pay on the basis of their
improved performance then it motivates other employees as well. They also help company in
accomplishing their goals and concentrate of improving their performance. It strengthens an
effective relation between performances and rewards (Puplampu, 2018). It boosts their
confidence and makes them able to stay with the company for the long run. So, overall it can
be said that this way of motivation improves image of the company, increase productivity and
sales as well. Individual performance related pay requires detailed evaluation of performance
of employees and knowing their effectiveness as how they are doing at workplace and how
they perform tasks. There are some trends in this IPRP and there are several companies such
as:
Prioritizing compensation budget: According to this, employers focus on compensation
budget for motivating employees and on the basis of their performance they provide offers
and other financial rewards. It helps companies in maintaining and retaining talent within
organization and helps them out in improving productivity.