It is believed by most people that a more effective way to encourage people to be hard working is to pay them based on their productivity, while a few others do not agree with this position. In my opinion, the best way to track output is to pay based on hard work from the employed people’s viewpoint and from the employer’s perspective.
Several Organizations now understood the psyche of employees, noting that that human wants are endless and fixed income at some point do not satisfy the needs of staff. Resultantly, to have a well motivated workforce, the Human Capital Unit of organizations would rather pay workers based on target achieved than a fixed salary. In effect, they set either monthly or annual goals and pay in excess of the target met. For example, what is obtainable in Stanbic IBTC Bank, where staff salary increases annually based on the percentage of task achieved.
Additionally, from the standpoint of employees, they would rather have a regular increase in their pay not minding the extra work demand. Furthermore, they know the extent of toil they put in daily to the growth of their company and would prefer a form of stakeholder reward. Meaning, when they perform well, which invariably increases the company’s gross earnings, they should be paid adequately for a job well done and this will further increase their output and zeal to work.
In conclusion, both from the perspective of the employer and that of the employee, payment based on a reward system motivates doggedness than a fixed salary structure, which may not meet employees financial demand, thus resulting in long term clamour for increased pay or may lead to having a disgruntled workforce.
It
is believed
by most
people
that a more effective way to encourage
people
to be
hard working
is to
pay
them based on their productivity, while a few others do not
agree
with this position. In my opinion, the best way to
track
output is to
pay
based on
hard
work from the employed
people
’s viewpoint and from the employer’s perspective.
Several Organizations
now
understood the psyche of
employees
, noting that that human wants are endless and
fixed
income at
some
point
do not satisfy the needs of staff.
Resultantly
, to have a well motivated workforce, the Human Capital Unit of organizations would
rather
pay
workers based on target achieved than a
fixed
salary. In effect, they set either monthly or annual goals and
pay
in excess of the target met.
For example
, what is obtainable in
Stanbic
IBTC
Bank, where staff salary
increases
annually
based on the percentage of task achieved.
Additionally
, from the standpoint of
employees
, they would
rather
have a regular
increase
in their
pay
not minding the extra work demand.
Furthermore
, they know the extent of toil they put in daily to the growth of their
company
and would prefer a form of stakeholder reward. Meaning, when they perform well, which
invariably
increases
the
company
’s gross earnings, they should
be paid
adequately
for a job well done and this will
further
increase
their output and zeal to work.
In conclusion
, both from the perspective of the employer and that of the
employee
, payment based on a reward system motivates doggedness than a
fixed
salary structure, which may not
meet
employees
financial demand,
thus
resulting in long term
clamour
for increased
pay
or may lead to having a disgruntled workforce.