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Pay and rewards - pay schemes.  

Member rating: 2 out of 10 stars (1 vote) | Words: | Submitted: Mon Jun 19 2006

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Pay and rewards - pay schemes Introduction Pay as a motivator that rewards the contribution that employees make to an organisation is a key issue for many employers in the public and private sector. Many organisations have devised pay methods that link individual or team performance to a pay system that rewards this. Alternatively, pay has been used to recognise such factors as individual development, responsibility, risk-taking and loyalty or experience. Some of the likely impact areas for consideration at local level are: * Pay as a communicator of values in terms of fairness, equality, teamwork, flexibility and working across the organisation or with external partners * Pay as a motivator of individual performance, team/ organisational performance, individual development, responsibility, risk-taking and loyalty/ experience * Pay as a payment factor of production in terms of cost (control/ implementation/ maintenance) and effectiveness in resourcing the organisation The EO has produced detailed information and guidance...

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