Impact of Performance - Related Bonus on Motivation and Productivity: The case of Sunbird Tourism Limited – Malawi - Couverture souple

Chunga, Edward

 
9783845476100: Impact of Performance - Related Bonus on Motivation and Productivity: The case of Sunbird Tourism Limited – Malawi
Couverture souple
ISBN 10 : 3845476109 ISBN 13 : 9783845476100
Editeur : LAP LAMBERT Academic Publishing, 2012

Synopsis

As the world of work becomes more complex and competitive with the current turbulent business environment with focus shifting more to intangible assets, companies and organisations are exploring various strategies to survive and remain competitive. Crucially, in a labour intensive industry like hotel business, employees’ motivation to go an extra mile in their performance becomes critical in achieving high quality service delivery. Some companies have introduced a “Performance – Related Bonus” scheme as a strategy to incentivize their staff to work harder with the hope that this will have a positive impact on productivity. As employee motivation is a complex subject, no single model can be ideal. Based on a practical company experience in a developing country, Malawi, this book provides useful and valuable insights into this thorny area of whether performance - linked bonus or monetary rewards can have a positive impact on employee motivation and resultantly improve productivity.Challenges associated with the introduction and implementation of the “Performance-Related Bonus” policy have also been explored.

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Présentation de l'éditeur

As the world of work becomes more complex and competitive with the current turbulent business environment with focus shifting more to intangible assets, companies and organisations are exploring various strategies to survive and remain competitive. Crucially, in a labour intensive industry like hotel business, employees’ motivation to go an extra mile in their performance becomes critical in achieving high quality service delivery. Some companies have introduced a “Performance – Related Bonus” scheme as a strategy to incentivize their staff to work harder with the hope that this will have a positive impact on productivity. As employee motivation is a complex subject, no single model can be ideal. Based on a practical company experience in a developing country, Malawi, this book provides useful and valuable insights into this thorny area of whether performance - linked bonus or monetary rewards can have a positive impact on employee motivation and resultantly improve productivity.Challenges associated with the introduction and implementation of the “Performance-Related Bonus” policy have also been explored.

Biographie de l'auteur

Edward Chikoti Chunga, born in 1969 in Nkhotakota District, Central Malawi.Graduated in 1994 with a Bachelor’s Degree in Business Administration, he also holds a Msc Degree in Strategic Management obtained in 2010 from University of Derby of the UK.He is currently working for Sunbird Hotels and Resorts as Head of Human Resources and Training.

Les informations fournies dans la section « A propos du livre » peuvent faire référence à une autre édition de ce titre.

Éditeur
LAP LAMBERT Academic Publishing
Date d'édition
2012
Langue
anglais
ISBN 10 
3845476109
ISBN 13 
9783845476100
Reliure
Broché
Nombre de pages
92
Coordonnées du fabricant
non disponible
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