2 How should organisations ensure that individual performance pay plans do not result in unexpected and undesirable
Question:
2 How should organisations ensure that individual performance pay plans do not result in unexpected and undesirable behaviour? On the 14th December 2017 the Australian Governor-General signed the Letters Patent to establish a Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry. The Inquiry’s mandate included the investigation of whether there had been any misconduct by financial institutions that should be referred to the criminal justice system; ‘whether any conduct, practices, behaviour or business activities by financial services entities fall below community standards and expectations’; and whether any findings in respect to these matters might be attributable to practices ‘including risk management, recruitment and remuneration practices, of a financial services entity’ (Cosgrove 2017).
Step by Step Answer:
Managing Employee Performance And Reward Systems, Practices And Prospects
ISBN: 9781108701044
3rd Edition
Authors: John Shields, Jim Rooney