Human resourse management Essay Example | Topics and Well Written Essays - 2000 words

Human resourse management - Essay Example Under theories such as Maslows hierarchy of needs, attempts to generate increased employee motivation to work toward accomplishment of organisational goals is the basis behind pay-for-performance schemes. An organisation sets the firms objectives and similar targets for expected performance levels by employees by appealing to a primary desire: Increased wages. It is a logical assessment to offer that that most of todays employees choose to work for a company in the primary pursuit of generating a quality income. Under Maslows theory, the security offered by increased job-related compensation is a primary element behind employee motivation. In essence, without granting the employee additional incentive pay, while appealing to their motivational needs, generating any measurable increases in performance toward business-related targets is quite difficult. For instance, a company cannot motivate an employee by utilising rigid and controlling management policies, such as management by threat, therefore companies must establish a system by which employees can work toward targets and guarantee a reward for meeting these expectations. This is a significant reason why companies continue to maintain pay-for-performance schemes, as there are very few methods to appeal to the employees personal desires. It is basically implied that many employees cannot be sufficiently motivated without the use of monetary incentives, therefore simply offering additional performance-related compensation gives the employee a strong motivational objective to meet the companys long-term strategic goals. Additionally, to appease the external shareholders, many organisations continue to use pay-for-performance schemes despite their ineffectiveness. Shareholders maintain a significant influence in todays businesses as they are highly invested in, therefore interested in, ensuring that a firm meets its organisational objectives for growth and profitability. Companies issue their