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Payment Systems and the Influence of Motivation
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TABLE OF CONTENTS
INTRODUCTION 4
TIME RATES PAYMENT 6
TIME RATES PAYMENT PERSONAL EXPERIENCE 8
PAYMENT BY RESULT 13
PAYMENT BY RESULT PERSONAL EXPERIENCE 16
PAYMENT BY RESULT CASE STUDY 19
PERFORMANCE BASED PAYMENT 20
PERFORMANCE BASED PAYMENT CASE STUDY 22
PAYMENT SYSTEMS AND MOTIVATION THEORIES 23
CONCLUSION 28
APPENDICES 29-34
A National Staff 2001 Performance Review
B Payment by Result Case Study
C Performance Based Payment Case Study
D Presentation slides
REFERENCES 35
INTRODUCTION
Pay, effort, performance and rewards are core issues in the employer-employee relationship. The first reference to measure work dates back to the printing trade during the fourteen-century. From the employees' perspective, policies regarding wages, salaries and other earnings have a major impact on their standard of living.
Pay is often considered as a sign of status and success and, consequently, employees attach great importance to pay decisions when they evaluate their relationship with the organization. As a result, pay decisions are carefully structured and managed in any organization. From the employer's point of view, pay is a powerful tool for furthering the organization's strategic goals. Pay and work measurements are elements of control and motivation for people at work.