Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

can you extend me a paragraph I'm going yo give you? I just want you to add more benefits for the employees Moreover,PRP has been

can you extend me a paragraph I'm going yo give you?

I just want you to add more benefits for the employees

Moreover,PRP has been shown to have several potential benefits for both employees and organizations. For employees, PRP can provide a clear incentive to work harder and perform better, which can lead to increased job satisfaction and motivation (Armstrong & Murlis, 2004). PRP can also provide a sense of fairness and equity, as employees who perform better are rewarded with higher compensation (Lazear, 2000). Also,Performance-based remuneration, or PRP, is increasingly popular as a means of energising employees and increasing overall productivity. In a performance-based reward programme (PRP), employees are compensated for meeting or exceeding predetermined performance standards. It is based on the notion that offering financial rewards for achieving predetermined goals can increase the productivity of a single employee or the output of the entire workforce. On the other hand, for organizations, PRP can help to align employee behavior with organizational goals and objectives (Armstrong & Murlis, 2004). PRP can also helpto attract and retain high-performing employees, as well as improve overall organizational performance (Lazear, 2000).

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Exploring The Hospitality Industry

Authors: John R Walker

4th Edition

0134744934, 9780134744933

More Books

Students also viewed these General Management questions

Question

Examine data collection in research using the questions provided.

Answered: 1 week ago

Question

2. Ask questions, listen rather than attempt to persuade.

Answered: 1 week ago