Payment Systems and the Influence of Motivation.

The first 200 words of this essay...

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