Pay-for-performance systems Essay

Pay-for-performance systems Essay Pay-for-performance systems Essay Pay-for- performance systems are becoming increasingly popular due to the many positive effects they produce. Pay-for-performance programs not only provide incentives for employees, but also substantially benefit the companies that offer them. According to an article by HR Daily Advisor, there are five reasons employers should embrace pay-for-performance: It links compensation to business strategy and culture ORDER NOW FOR CUSTOMIZED AND ORIGINAL ESSAY PAPERS . It makes it easier for companies to align employee payouts with actual contribution and success. It retains and engages high performers . It can be used as a competitive advantage. Like it or not, it’s the new normal. (Unknown, 2013) While the fifth reason on HR Daily Advisor’s list may not be beneficial to an organization, the top four definitely are! Attracting and retaining talent, integrating business strategy and employee compensation, ensuring fair compensation based on contribution, the benefits are insurmountable. HR Daily Advisor also offered an informative article regarding the components of an effective pay-for-performance program. There are 5 major components of an effective pay-for-performance program, to-wit: Evaluation forms Administrative manual or handbook for managers Initial and on-going training Effective communication channels On-going coaching and feedback (Unknown, 2013) 6-1-Discussion_-Discussion-6-OL-442-J3169-Human-Resource-Strategy_Devel-21EW3 Answer preview to pay-for-performance systems are becoming increasingly popular due to the many positive effects they produce. You must proofread your paper. But do not strictly rely on your computer’s spell-checker and grammar-checker; failure to do so indicates a lack of effort on your part and you can expect your grade to suffer accordingly. Papers with numerous misspelled words and grammatical mistakes will be penalized. Read over your paper – in silence and then aloud – before handing it in and make corrections as necessary. Often it is advantageous to have a friend proofread your paper for obvious errors. Handwritten corrections are preferable to uncorrected mistakes. Use a standard 10 to 12 point (10 to 12 characters per inch) typeface. Smaller or compressed type and papers with small margins or single-spacing are hard to read. It is better to let your essay run over the recommended number of pages than to try to compress it into fewer pages. Likewise, large type, large margins, large indentations, triple-spacing, increased leading (space between lines), increased kerning (space between letters), and any other such attempts at “padding” to increase the length of a paper are unacceptable, wasteful of trees, and will not fool your professor. The paper must be neatly formatted, double-spaced with a one-inch margin on the top, bottom, and sides of each page. When submitting hard copy, be sure to use white paper and print out using dark ink. If it is hard to read your essay, it will also be hard to follow your argument. Get a 10 % discount on an order above $ 100 Use the following coupon code : NURSING10