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"To what extent are merit and performance related pay schemes an advance on more traditional payment by result and time-based methods?"
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40RA Assignment " To what extent are merit and performance related pay schemes an advance on more traditional payment by result and time-based methods ? " INTRODUCTION The work an employee can be motivated to do has been a core problem confronting employers for centuries and pay systems have been a crucial influence in addressing this issue. (Towers, 1996, p283) Arguments about the advantages and disadvantages of incentive schemes, such as merit or performance related pay, have been hotly contested in recent decades (Kessler (1994). Despite many theoretical attractions there has been little evidence to show that they consistently delivered improvements when compared to the older time and result based methods. (Torrington et al 2002, p602). This essay will attempt to assess if merit or performance related pay (PRP) represents an advance on previous methods of employee remuneration. While acknowledging that most pay schemes can be applied to both individuals and groups alike the...
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