Advantages:
- motivating and retaining key talent
- getting unmotivated individuals to improve productivity
Disadvantages:
- the performance of a complex job as a whole is often reduced to a simple, often single measure of performance such as profit, without considering other factors that make up overall performance
- performance related pay can be disadvantageous in that it can create the potential for rifts among employees if they feel they are being treated unfairly or unequally if there are not strict and clear stipulations in place for the system.
- employees may only be inclined to perform work that is measured in their performance appraisal
- employees are not as motivated by monetary incentives as employers once thought - assumes it is possible to objectively measure performance
Advantages-
Motivates employees
May increase productivity
Some of the merits is that it motivates people to work harder and pay according to each employee's efforts. Demerits may include lack of motivation and loyalty by employees.
Advantages: They can eat what they growed Disadvantages: They had to pay money to the Seigneur
The Advantages to The Habitant Were: They Can Eat What They Growed. Disadvantages To The Habitant Were: They had to pay money to the Seigneur
ANSWER ??
The advantages of debit cards is they provide a handy way to pay for things with money that you have. The disadvantages are if you don't have the money, you can't pay for something.
Merit pay is usually tied to special projects or outstanding work results. The idea that merit pay is based on is that employees will take extra efforts in order to qualify for additional income. This can be accomplished by a cash bonus or a promotion to a higher job level and the increased pay associated with it.
The advantages are that you will not have to pay it back or worry about interest. Disadvantages are that you have to come up with the money no your own.
The advantages of a credit card is you can buy things that you don't have the money to buy. The disadvantages of a credit card is that you have to pay it off with interest in the future.
The advantages to small business computer systems is the boss won't have to pay as much to the employees and can make good profit through good relationships with certain people. The disadvantages are that the business is not well known so they will never make a lot of money like huge businesses.
Skilled: Advantages- Better pay , better education , gain experience
The advantages of a credit card is you can buy things that you don't have the money to buy. The disadvantages of a credit card is that you have to pay it off with interest in the future.
A pay-for-performance plan increases even the base pay--so-called merit increases--to reflect how highly employees are rated on a performance evaluation.