Promise and peril Essay Example | Topics and Well Written Essays - 250 words - 1

Promise and peril - Essay subjectThough many studies have been conducted on pay-for-performance, not much has been investigated on managers pay-for-performance executing strategies.Managers usually eccentric potential problems in their attempt to implement pay-for-performance programmes. Under pay-for-performance plans, significant effort of the management is focused on motivating employees at the expenses of other tasks relevant for organisational growth. However, the proponents of pay-for-performance argue that intelligent design of the plans remains crucial for evading implementation challenges for pay-for-performance programmes. There is need for training on how to effectively implement pay-for-performance programs. According to the authors, it is essential to gain fitting knowledge of the scenario under which pay-for-performance implementation is taking place in order to develop an unbiased taking into custody of the topic.Using HP case studies, Beer and Cannon discovered t hat the management used pay-for-performance as extra bonus to achieve higher employee performance. While creating a line between individual employees or teams in wrong of performance so as to maintain fairness, the challenge of attaining desirable results becomes evident, especially when it is essential for teams or individuals to constitute together. In their article, the authors argue that managers abandoned their pay-for-performance plans because they perceived the programmes to bear more costs than benefits to the