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4.6.5 Pay for Performance
Interviewees were asked to give their views on performance related pay policy and they
all clearly expressed their view that it is one of the most important policy to be
implemented and properly managed by the human resource division. One of them is
quoted thus; “If
pay is not performance based, then staff become dead wood”. They
agreed that promotions must be performance based and therefore saw the need for an
appraisal system which is not in place currently. This would mean that the
compensation practice must be fair and equitable. Performance must be assessed before
any compensation is given by setting targets. It was also
viewed as a tool to reduce
wastage and unnecessary labour costs. When properly managed, pay for performance
encourages high performance but when badly done or not practiced at all, it discourages
high performers and achievers. The concept was said to
be problematic to implement
but very important for the success of any organization.
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