The problem with current structure of pay is that it brings insecurity among employees regarding their pay and benefits. With current pay system linked to job grades rather than employee’s performance, It makes it hard for employees to make extra effort for organization’s performance. (Heery, 1996)
The new pay theories have become popular in the last decade as academics have been criticizing the old pay systems due to many reasons. It is often argued that the old pay system is not directly related to organization performance and employees feel they are not being acknowledged for their contribution in organization’s performance. (Heneman, 2000) Schuster and Zinghiem criticized the old system and represented the approach of new pay. Their argument was that by linking the pay and rewards to organization strategy and performance will bring benefits. The new pay system will be strategic, business aligned, and performance driven.(Schuster and Zingheim, 1996) The reasons for emphasising this pay system are quite clear; the pay system needs to be aligned with organization strategy and needs rather than a standard bureaucratic system that has been followed for decades. Schuster and Zinghiem extensive research is the force behind the idea of making pay a positive tool for achieving excellence in organizations.
Although the new theory is well received and appreciated in academia, it is far from implementation in the industry. New pay system is likely to bring discrimination among the employees as people will be paid rather than the job. Another issue could be legal responsibilities that an organization has for its employees. (Sturman and Short, 2006)
Case Study: An extensive research into the banking sector regarding new pay system brought out some issues. The research was carried within Finbank reward strategy for managers. The idea behind the research was to align the rewards system with the ...
Cite this document
(“Discuss Lawlers theories of New Pay Essay Example | Topics and Well Written Essays - 750 words”, n.d.)
Retrieved from https://studentshare.net/miscellaneous/395419-discuss-lawlers-theories-of-new-pay
(Discuss Lawlers Theories of New Pay Essay Example | Topics and Well Written Essays - 750 Words)
“Discuss Lawlers Theories of New Pay Essay Example | Topics and Well Written Essays - 750 Words”, n.d. https://studentshare.net/miscellaneous/395419-discuss-lawlers-theories-of-new-pay.
However, attachment does not have to be necessarily reciprocal. Attachment is exhibited by certain behaviour in children such as seeking proximity with the attachment figure when disturbed or threatened. Attachment theories are useful in the study of infant behaviours as well as in the fields of child health.
Cloning is a scientific research which has been central to many debates and arguments. Cloning is a process through which identical organisms are created. This is achieved through asexual reproduction in which only one parent is involved and no fusion of gametes occurs.
However, scientists believe New York decision could make it a leader in the research that promises to cure serious diseases like diabetes and brings revenue and jobs to the state.Nevertheless,apart from ethicists,not all scientists approve the procedure of using tax payer dollars to finance an undertaking that some people find morally wrong
Regardless of the job type, whether the skills involved require a minimum or a maximum amount of training, a woman who has all the skills necessary to perform highly in a given position will (almost without fail) attract a lower wage compensation
The brain scan that can read the intentions of an individual is one such example since it raises many ethical questions for both the relativist and utilitarian view of ethics. An overview of the technology itself is necessary before an
Many relate this issue to the theories of ethics promulgated by various thinkers in the field, most particularly these people refer to the theories of justice. Though there is some metal in the argument that CEOs or higher management level does not
This is the form of advertisement in which organisations present false information to customers in order to entice them to purchase certain products. Within some jurisdictions, this form of advertising has been illegalised by the law. The organisation has
The interconnection of people along with the transfer of culture, knowledge and other policies beyond boundaries of any country has certainly resulted in the creation of a global village. This positively influenced and minimised the barriers with
10 Pages(2500 words)Essay
GOT A TRICKY QUESTION? RECEIVE AN ANSWER FROM STUDENTS LIKE YOU!
Let us find you another Essay on topic Discuss Lawlers theories of New Pay for FREE!