This paper concentrates on the primary theme of Describe how your chosen payment system operates in theory, using illustrative examples, either from your own experience or from published literature. in which you have to explain and evaluate its intricate aspects in detail. In addition to this, this paper has been reviewed and purchased by most of the students hence; it has been rated 4.8 points on the scale of 5 points. Besides, the price of this paper starts from £ 79. For more details and full access to the paper, please refer to the site.
Human resource management - Payment systems and appraisal
Question: First select one of the following categories of payment system:
1. Skills or competency based.
2. Individual performance related pay
3. Team-based pay or Gain-sharing.
Describe how your chosen payment system operates in theory, using illustrative examples, either from your own experience or from published literature.
Then indicate what other personnel/human resource management procedures are needed to support the system and analyze any problems that the payment system can generate.