Performance-Related Pay - Assignment Example

A detailed literature review focusing on the works of Duncan Brown and Michael Armstrong (Paying for Contribution), Michael Armstrong and Murlis, H. (Reward Management) and Michael Armstrong (Employee Rewards). The Human Resources departments of various companies and corporations who are actively working on improving the performance appraisal processes or are preparing proposals to the management on implementing the performance appraisal process Initially, a detailed review of the literature available on the topic is conducted.

Based on these reviews, a case study is carried out for a company selected. The various aspects of the performance-related pay prevalent in the company are discussed. Based on the literature review and the case study, the research objectives are drawn, both from employers’ and the employees’ perspectives. The research objectives will mainly focus on the best practices for performance-related pay and also the effects it has on employees, such as productivity, satisfaction level, etc.., In order to conduct credible research for the objectives that fall under the first category, it is essential to conduct qualitative research.

A questionnaire is prepared based on the research objectives under this category. This questionnaire has then presented a list of employers, HR professionals and experts in the field and an In-Depth interview is conducted. If viable, an in-depth interview will also be conducted with a representative from the HR department of the company that has been discussed in the case study. For the second category, as the research objectives focus on a wider population, it is essential to conduct quantitative research.

A questionnaire is designed based on the research objectives. An appropriate scaling method is used and the dependent and independent variables are fixed based on the objectives.