Salary administration Case Study Example | Topics and Well Written Essays - 250 words

Salary administration - Case Study ExampleThe teams associated with the different goals should be encouraged to get to and surpass the goals set by T-Man Industries. For example, the R&D team would be given a bonus if they attain leading edge and bring at least three new products to the market. This would allow the organisation to attract leading scientists to the R&D division who are motivated towards continuous innovation. With increased incentives offered to the gross revenue team to achieve and surpass targets, the company will attract strong sales persons for the new industry. The production team would also be motivated to prepare optimal efficiency, thus reducing costs.Fayol (a leading theorist) believed that effective reward systems should be equitable for employees, and the organization, encourage productivity by rewarding well-directed effort, not be worst to abuse, and be uniformly applied to employees. Jones, G. R. et al, (1998). With this system in place both the emplo yees and the owner will benefit and therefore gain