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Teamwork and group work

P/HR/22. Under what conditions is a group performance related pay scheme likely to fail? Should organisations employ only individual PRP schemes?

WORDS:
1500
DATE:
2002
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19.99 GBP

As one can see, there are advantages and disadvantages to both, individual and group PRP schemes. I don?t think it possible to be able to generalise and say that one is better than the other, and that firms should use only one or the other. It mostly depends on the type of goal the firm is setting, what they want to achieve, and how they want to achieve it, which can help decide which system to use when. PRP schemes on the whole, are being used so far and wide these days by firms, and it is essential to the overall success, and progress of the firm, that they know when to use which type of scheme. Thus, I think it is not possible to say that organisations should employ only PRP schemes, I think it mostly depends on the situation, and the goal to be achieved.

 

KEYWORDS: hr, conditions, performance, related, pay, scheme, fail, organisations, employ, individual, prp, schemes,

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