Performance-based pay: Should the minimum wage be abolished? essay sample
Posted on June 22, 2017
A mere notion of the minimum wage is constantly criticized. Instead of providing financial security, the minimum wage is a way to unemployment for those who work in labor intensive industries. Its impact on relative poverty is really vague, as many businesses join the black market to avoid paying the minimal salary. Performance-based pay is the only reasonable alternative to the established standard, which is beneficial both for employees and their companies.
Businesses can choose their performance-based pay plan among several available options. Performance bonuses are effective when businesses want to evaluate their best employees. These bonuses are given for an exceptional performance and they stimulate employee’s motivation. Another effective payment technique is gain sharing. Similarly to the previous one, gain sharing means that employees responsible for the increased cash flow in the company shall be rewarded. One more type of stimulating performance is a skill-based reward. Employees have a compensation for the additional skills relevant to their job. Workers who complete additional training are eligible for a higher salary than those who do not.
I desperately needed help in the process of writing a review.So glad I found this service.
High-quality cheap writing services and timely delivery.
This cheap writing service offers really impressive papers.
Gonna get more term papers from you for sure.
This agency offers affordable custom paper writing services for all students in need.
Due to assistance from this service, writing a 500 word essay is no longer such a frustrating process for me. Thank you for your help!
If you are looking for a custom research paper writing agency, this is the service you should consider. Top quality of service and timely delivery.
Have started googling something like ‘write my paper for me cheap’? Well, you clearly need academic writing help. This agency knows how to help.
I had difficulties with writing my 500 word paper, so I googled where to get assistance and came across this service. Very satisfied with the quality of provided services.
Works for me!
Have no idea how to write a 500 word article? Me too! Luckily, the writers at this company do. So useful that they are ready to help 24/7.
This cheap writing service has a team of experienced writers who are eager to help all year round.
I like this company because they offer top quality and affordable term papers. I no longer have to do everything on my own.
This is one of the most reliable custom research paper writing services you will ever find. They are able to meet all your demands.
The best service to get custom research papers from. Thank you, guys, for all your help. Much appreciated!
I was desperately asking whether somebody could please do my homework and finally found this service. No complaints!
Cheap service that is always at your disposal.
Writing a movie review is a piece of cake with this service on hand. Thank you for helping me!
Film & Theater Studies
I needed somebody to help me write my term paper, and I found this service online. Got a perfect paper right before the deadline.
Have you already googled do my homework for me cheap? This service is what you need.
I always have zero ideas when creating a thesis statement which is why finding this agency was a salvation.
This paper writing service never disappoints.
My friend got a couple of custom papers from this service, so I decided to check it out. Was very impressed with the quality of the paper I received.
If you are one of those students who is currently thinking about something similar to write my papers for me, you should definitely place an order on the website of this service. They helped me a lot!
Get your article critique written by an expert. Using this service is a great option when you need to save time.
If you are searching for expert writing help, I suggest that you place an order on this website.
If you are looking for cheap term papers, this is the service to use. What is more, placing an order takes a few minutes.
I know I can always rely on this service when I need paper writing help.
Cultural and Ethnic Studies
This is a very reliable term paper writing service. Thank you for urgent assistance and high quality of services.
This is one of the most reliable paper writing services you will ever find. You can ask them for assistance with any type of paper.
Ordered my book review here and was really impressed with how well it was written. Thank you!
Got a perfectly written 500 word essay from this service in two days. So glad this service exists! Thank you so much!
Cheap and reliable service.
Classic English Literature
Thanks for helping me with my article review.
Get assistance with writing a literature review all year round. This service is very reliable.
I looked through the websites of lots of paper writing services and chose this one because they offer a lot at a very reasonable price.
The choice of an appropriate performance-based pay plan depends on every particular company. Businesses shall take into account the duration of the program and a realistic amount of money that can be invested in it. Expectations of managers are also important because some plans give an immediate motivation while the other are meant to work in prospect.
In general, all types of performance-based payments will work as expected if they were implemented wisely. It is quite fair to evaluate workers for the amount of job done instead of imposing a steady minimum for all.
Let’s improve your writing style together!
Get a paper completed by professionals to see what your assignment should look like