June 2011
Intermediate to advanced
378 pages
14h 11m
English
Content preview from Performance Management Systems and StrategiesBecome an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
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Introduction of performance-related pay in many organizations is difficult, as it directly conflicts with the structured pay systems. In many organizations, it is also observed that the violation of principle of seniority-based compensation leads to the stagnation of many senior level employees, who get demotivated for stagnation in their pay scales. Such de-motivation lowers their level of performance and many such employees gradually leave the organization. Steel Authority of India (SAIL) lost many of their senior level employees when they launched their voluntary retirement scheme (VRS), for not getting the seniority protection in pay scales. The same thing happened in case of the State Bank of India. In both the cases, the private steel plants ...
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I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.