Compensation and Benefits in PAC Resources Inc Research Paper

remuneration and Benefits in PAC Resources Inc - Research Paper ExampleThe merit bonus formation was implemented in the giving medication so as to enhance overall creativity and innovation. It can be stated that this placement was a key driver in context of organizational productivity. Bonuses in PAC was considered equivalent to payment given to employees (Gusdorf, 2011). Though it was a method to achieve better results but there is no such(prenominal) return observed on the investment made by the firm towards such bonus brass. This system can be improved by reducing the bonus amount and making the entire system centered towards high level of performance. A reward system in any organization of necessity to be motivating as it is the single factor which can increase the level of performance of employees. at that place are various ways to make a reward system motivating such as designing a system which will not discriminate amongst employees and benefits will be provided to tho se who fork up cook desired level of performance. The entire system can be divided into multiple components where not only top level performers will be rewarded but even those will be given rewards who have tried to achieve desired performance level. Along with this the entire approach should be focused towards vainglorious appraisals as well as monetary rewards since both of them are highly motivating factors. In an organization where bonus system is a common factor and is implemented from many years, in such a scenario lot of conflict arises when such a system is discontinued. The first consequence is that employees start to lose their motivational level. This lack of enthusiasm has a great impact on overall productivity of the organization. Secondly, it even initiates negativity in the workplace as employees begin to feel that their pay is being cut by the management. This reduces the constituent of extra effort which was previously given by employees.