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  • Essay / Human Resource Management Debate - 1297

    Human Resource Management Debate: Performance-based rewards are the key to achieving excellent performance. Debate Team 7 On the downside: Policy reforms such as pay-for-performance are nothing more than a reflection of public frustration. » - Wilms and ChapleauPay performance rewards do not benefit employees, or even businesses. It is a tool to attract and attract the best talents in the market and leverage them. Pay for performance is a kind of sophisticated corruption system. Senior Vice President and Principal Investigator Lewis C. Solmon and Milken J. Podgursky, professor of economics and chair of the economics department at the University of Missouri-Columbia, conducted a search and found the following results. :Historical Background:According to this research, performance-based pay compensation was first introduced in England in 1710, with devastating results, and teachers also became obsessed with the financial rewards and punishments of the system. A similar system was introduced in Canada in 1876. There is no doubt that test scores increased, but this caused teachers to focus on the students most likely to succeed, forcing them to rush through exams and ignoring the rest of the students. This experiment ended with a public outcry. Then, in Arkansas, an experiment was launched that tied school funding to student test scores. This was tested in 18 cities. Results increased, but they encountered problems such as disorganization, scandals and lack of knowledge. “Political reforms like pay for performance are nothing more than a reflection of public frustration” (Wilms and Chapleau, 1999). According to review provided by Lexington Herald-Leader o...... middle of article ......Marshall Goldsmith, “Retain Top Performers.” 2008.5. McKinsey & Company, “The War for Talent,” 2000.6. “Rewarding the Lessons of the Crisis,” Hewitt Quarterly Asia Pacific.7. http://www.oracle.com/us/media1/performance-driven-compensation-1720594.pdf8. http://web.missouri.edu/~podgurskym/articles/files/Pros_cons.pdf9. Tsung-Chih Wu, Chi-Hsiang Chen, Chin-Chung Li “Journal of Loss Prevention in the Process Industries”, http://www.sciencedirect.com/science/article/pii/S0950423007001362, 2008.10. Pink, Dan, “RSA Animate – Drive: The surprising truth about what motivates us,” https://www.youtube.com/watch?v=u6XAPnuFjJc, 2010.11. Workplace Safety & Prevention Services, “Workplace injuries and illnesses in the United States cost as much as cancer,” http://www.healthandsafetyontario.ca/WSPS/News-Publications/News/US-workplace-injuries-and-illness -cost-as -lot-as.aspx, 2012.