Question

The topic of PAY-FOR-PERFORMANCE PLAN, Why you are researching this subject and what you hope to learn?

Answer 1

Pay for performance plan is a compensation method or plan. Where employee get the compensation or rewarded on the basis of achieving the goals and objectives.

This is a very important topic for research. Because it tells about the tools and techniques used by the organization to give the rewards and incentives to there employees for there performance.This research help the organization that how they can build the Pay-For-Performance model in there organization and How this model give the benefit to the employees.

Some of the advantages of the Pay-For-Performance plan that tells that why researching this topic is important and helpful for the organization and employees:

• Pay-For-Performance plan help the organization to structure there compensation plan for there talented employees.This Research help the organization to Structure the Pay-For-Performance plan for the benefit of the employee.
• Pay-For-Performance motivates the employees.So, this research can tell that Pay-For-Performance plan is also one of the way to motivate the employees.
• Pay-For-Performance help the organization to increase the flexibility and productivity of the employees.

Some of the learnings through this research:

• This research help us to know what kinds of tools and compensation techniques used by the organization for to pay there employees on there performance basis.
• This research help us to know How organization can use Pay-For-Performance model to attract and retain the talented employees.
• The important learning we get for this research is that, How Pay-For-Performance works differently on the individuals, in the group and as a whole in the organization.

So, We can say that this research tells us the gap between the employees and the organization in the rewards and compensation.