Individual Performance Analysis Of Performance-Related Pay For Employee

1466 Words 6 Pages
Performance-related pay has adopted in business for a long time, which means wages paid-related how well employee did. This strategy was on the basis of the Principe-agent theory that individual performance evaluation determined compensation. Pay for performance has worked in a specific period that people need money to satisfy rudimentary demand for daily life. With the economic developing, money is not only standard for work any more. Employees need multiple motivated methods of improving working interests and the factors of motivation become flexible. This essay is argued that wage is not only way to motivate employees.

According to Bulletined, “workplace motivators include both monetary and non-monetary incentives” (Bulletined 2002). Actually,
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Srivastava figured out that the people which work in external environment would have higher satisfaction. And their performance in jobs will be better than those who work in the negative environment (Srivastava 2008). People would have positive attitude when they work in security activities and the condition of the workplace. At this point, it’s emphasizing on physical environment. Likewise, proving a support and good interpersonal relationship would also influence to people. And the survey by Srivastava shows that psycho-social environmental will influence more to worker …show more content…
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