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Pay for performance increases job satisfaction - Essay Example

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Pay for performance increases job satisfaction

Another point is that with financial reward workers tend to remain more reliable and honest in work. A contrasting view to this is that the employees can take the employer for granted and also they can end up in accidents due to excessive work. The paper will analyse all four different views and ultimately try to assess whether the pay for performance will give satisfaction to workers.
The first argument states that workers are more satisfied when they are paid for their performance. The employees work more sincerely if they are give incentives for their work. Employees do respond well to incentives for better performance and to recognition for doing especially outstanding work. Employers shouldn’t ignore incentives if they want great performance from their employees. Workers always look forward for ways to achieve incentives for their handwork. Achen(2007)claims that “ Properly designed performance incentive programs not only
employees develop or enhance job skills”. The employees become even more committed once they realize that their work is being appreciated by the employer. They will try all the more to be sincere in their job and try to enhance their working skill to bring more productivity.
The second argument is that when the employees are paid for performance they bring in more profit to the organization..According to Blinder(1990,p.41), “ Since incentive system pay more to more productive workers, workers who are inherently more productive will tend to sort them towards incentive – using firms”. This shows that incentive giving companies receive more hardworking employees which in turn will increase their productivity.Billikof (2006)states that “ Incentive pay has the potential to increase worker productivity if properly designed and maintained.”When the workers see that they are achieving financial reward for their work they are encouraged more to do better performance .They feel like achieving the goal of ...Show more

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They definitely want to scrutinize how the pay for performance system can give job satisfaction to the employees. There are four different way of…
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Pay for performance increases job satisfaction essay example
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