Rewarding Failure: Performance Related Pay in a Pharmaceutical research and Development Company
AbstractThere appears to be widespread acceptance amongst employees of the "fairness" of the principle of paying for performance and this is reflected in the attitudes of white color employees at phamax. At the same time there are enormous and increasingly well-documented problems in implementing Performance Related Pay (RPR). It remains to be seen whether organiastions can solve paradoxes in the reward element of performance management systems (and the prognosis does not look good) or whether dysfunctional side effects will sooner or later relegate therm to the scap heap pay systems.
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Bibliographic InfoPaper provided by University of Hertfordshire - Business Schoool in its series Papers with number 1996:1.
Length: 17 pages
Date of creation: 1996
Date of revision:
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Postal: University of Hertfordshire, School of Business, Hertford Campus, Mangrove Road Hertford SG13 8QF, UK.
Phone: +44 (0)1707 284800
Fax: +44 (0)1707 284870
Web page: http://www.herts.ac.uk/courses/schools-of-study/business/
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PHARMACEUTICAL INDUSTRY ; WAGES ; RESEARCH;
Find related papers by JEL classification:
- L65 - Industrial Organization - - Industry Studies: Manufacturing - - - Chemicals; Rubber; Drugs; Biotechnology
- J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials
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