Course assignment Coursework Example | Topics and Well Written Essays - 750 words

Course assignment - Course march Exampleawargon of different technological tools and techniques and they stomach use their knowledge and skills in their work (Creating a Successful Per make waterance Compensation System for Educators, 2007). Therefore, we flowerpot say that the knowledge base of some of the potential employees is the actual factor to implement the carrying into action based compensation. Because these employees can work better as com-pare to separates just because of their capabilities (Creating a Successful Per engineerance Compensation System for Educators, 2007).The implementation of performance based commit or compensation packages is important in order to reward or appreciate the hard working employees and in order to punish the lazy employees too. It can be negative or positive reinforcement for the employees so that they can work hard in the future or at least they can try to maximize their efforts. Positive reinforcement can be in the form of prizes whil e the negative reinforcement can be in the form of punishments or highlighting the bad performance in the meetings. In other words we can say that in this knowledge worker type environment, the exceed and the most appreciated compensation style will be the evaluation based on the performance appraisal. Employees can get immediate feedback in the form of rewrads or punishments for their performances. This performance based compensation can also help to reduce the likelihood of nay priority or biasness towards any specific employee.If we public lecture about the major forms of performance based pay styles then usually companies adopt these four major forms of these pay packages. That includes gain sharing, profit sharing, performance bonuses and the other is the skill based rewards (Jonathan, 2010). The details of all the three forms of performance based pay is given belowThese Performance based bonuses are very widespread, because they are almost basic type of performance-based pay . In order to award such bonuses to the employees, a company manager may assess the