This paper highlights the background and purpose of pay from the economic perspective as well as issues and concerns encountered by organizations when implementing the PRP (Performance-Related-Pay) scheme. Amongst the issues and concerns of implementing a PRP scheme, active participation of employees, a fair employees performance appraisal system and a constructive communication channel are some of the important criteria to be considered for an effective PRP scheme. / The paper also describes the advantages and disadvantages of PRP schemes for the consideration of readers. The research showed that the advantages of implementing a PRP scheme include productivity improvement and increases in employees motivation level. The disadvantages of such a scheme would be undue emphasis on individual performance and additional workload for the management. / It describes a competency model which may be replicated by organizations during the implementation of a PRP scheme. / Trade union leaders expressed their frustrations in terms of unwillingness of the employers to disclose financial information and the lack of fair and effective employees performance appraisal systems.This paper also includes PRP related cases established by the Malaysian Industrial Courts for the information of the readers. This paper does not provide any methodology for implementing PRP schemes. However, it offers readers some insights into PRP schemes for further research / Thesis (DBA(DoctorateofBusinessAdministration))--University of South Australia, 2006.
| Identifer | oai:union.ndltd.org:ADTP/267311 |
| Creators | Ooi, Kok Kee. |
| Source Sets | Australiasian Digital Theses Program |
| Language | English |
| Detected Language | English |
| Rights | copyright under review |
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