outline the strengths and weaknesses of performance―related pay （prp） systems and assess their overall value

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1、Outlinethestrengthsandweaknessesofperformance―relatedpay（PRP）systemsandassesstheiroverallvalue　　Abstract：Performance-relatedpayisveryimportantintheaspectofhumanresourceinanorganization.However，italsohassomeweaknesses.Thisarticleanalyzestheperformance-relatedpay（PRP）systemfroman

2、overallpointofview.　　Keywords：performance-relatedpay，overallvalue　　Sinceatleastthelate1940s，theperformance-relatedpayhasbeenwellcreated（RedmanandWilkinson2009）.Nowadays，itiscommonforworldwidecompaniestotakeperformance-relatedpay（PRP）systems.AsWhiteandDruker（2009）suggestthatalth

3、oughthejudgmentsappliedtobalancepaysystemhavealteredindifferentages，theperformance-relatedpayisrisingandplayamoreandmoreinfluentialroleinhumanresourcemanagement.Whyperformance-relatedpaysystemisfavoredbymanagers？Ithasitsownstrengths.WhiteandDruker（2009）arguethatpayingaccordingt

4、operformancesisacomparativelysimplemethodsinceitassociateswithresults，namely，theamountofoutcomes.However，theweaknessesofperformance-relatedpaycannotbeneglected.Inthis12essay，thedefinitionofPRPandmeritpaywillbestatedfirst；closely，differenttypesofpaymentsbyresultswillbeclarified.

5、Second，bothofstrengthsandweaknesseswillbediscussed，andeachsideisonabasisofemployerandemployee’sperspectives.Then，anoverallevaluationofPRPwillbeestimatedintheend.　　Strengths　　FromEmployers’Perspective　　Firstly，PRPmeasurescanhelporganizationstoretainexcellentstaffmembers.Meanwhil

6、e，Torringtonetal.（2008）holdthesameopinionthatoneoftheattractionsofPRPistokeepexcellentstaffmembersstayinginthecompany.Outstandingstaffmemberswouldliketocontinuetostaybecausetheirperformanceshavebeennoticed，andtheirhardworkisnotwasted.Besides，theemployee’sself-valuewillberealize

7、dbyPRP.Inthatcase，employeesprefertostayinthiscompany.Thenthecompanycanavoidtheoutflowofthetalenttoadegree，whichnearlysolvesoneofthebiggestproblemsthatacompanymayencounter.　　Secondly，PRPmeasuresmayofferemployeesmotivationandstimulationtostrengthentheirskills.Torringtonetal.（2008

8、）supportthisopinionwell.Theyindicatethatoneofthesignif