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Payment Systems and the Influence of Motivation.  

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Payment Systems and the Influence of Motivation ASSIGNMENT ON Payment Methods and Motivational Theory SUBMITTED TO MR. NIC BEECH HUMAN RESOURCE MANAGEMENT UNIVERSITY OF STRATHCLYDE GRADUATE SCHOOL OF BUSINESS November 17, 2003 BY ADAM GIBSON ADEMA KHAIRAKHMETOVA HAMISH MOIR BOPANNA SOMAYANDA SUBBAIAH ANANDITO PRAKOSO PANAGIOTIS VAMVAKARIS RACHANA RAKHETA 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...

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