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Performance bonus as entry vehicle to performance management

Thesis (MTech (Busines Administration))--Cape Technikon, 1999. / The purpose of this research is to answer the following fundamental question: "Is the
performance bonus approach a viable alternative methodology for implementing a
Performance Management and Development intervention in South African companies? " The intention is to use the performance bonus as an entry vehicle for the establishment of
a fully functional performance management and development system. The introduction
of a performance based bonus system is intended to instill the recognition of "the pay for
performance" concept as opposed to one of entitlement.
What is expected is that a culture of performance will develop encompassing standards of
work performance, goal orientation and a level of individual responsibility for recognition
and reward.
Understanding and acceptance of the performance bonus will create a platform for the
introduction of further levels of remuneration, being increases and finally basic salary
becoming performance based.
Furthermore, this will allow the development of the further necessary levels of a fully
functional integrated performance management and development system. This would
entail the inclusion of management levels within the system as well as operational levels
(departments, divisions and regions) and finally the organisational level thereby linking
all aspects of the system to overall strategy.

Identiferoai:union.ndltd.org:netd.ac.za/oai:union.ndltd.org:cput/oai:localhost:20.500.11838/2058
Date January 1999
CreatorsHaslett, Vaughan
ContributorsSlabbert, A
PublisherCape Technikon
Source SetsSouth African National ETD Portal
LanguageEnglish
Detected LanguageEnglish
TypeThesis
Rightshttp://creativecommons.org/licenses/by-nc-sa/3.0/za/

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