Pay for performance increases job satisfaction Essay

Pay for performance increases job satisfaction - Essay Example Another point is that with financial reward workers tend to remain more reliable and honest in work. A contrasting view to this is that the employees can take the employer for granted and also they can end up in accidents due to excessive work. The paper will analyse all four different views and ultimately try to assess whether the pay for performance will give satisfaction to workers. The first argument states that workers are more satisfied when they are paid for their performance. The employees work more sincerely if they are give incentives for their work. Employees do respond well to incentives for better performance and to recognition for doing especially outstanding work. Employers shouldn’t ignore incentives if they want great performance from their employees. Workers always look forward for ways to achieve incentives for their handwork. Achen(2007)claims that â€Å" Properly designed performance incentive programs not only employees develop or enhance job skills†. The employees become even more committed once they realize that their work is being appreciated by the employer. They will try all the more to be sincere in their job and try to enhance their working skill to bring more productivity. The second argument is that when the employees are paid for performance they bring in more profit to the organization..According to Blinder(1990,p.41), â€Å" Since incentive system pay more to more productive workers, workers who are inherently more productive will tend to sort them towards incentive – using firms†. This shows that incentive giving companies receive more hardworking employees which in turn will increase their productivity.Billikof (2006)states that â€Å" Incentive pay has the potential to increase worker productivity if properly designed and maintained.†When the workers see that they are achieving financial reward for their work they are encouraged more to do better performance .They feel like achieving the goal of

Renewable energy will be the most significant challenge for the oil Research Paper

Renewable energy will be the most significant challenge for the oil industry. Explain, by citing three reasons, whether you agree or disagree with this statement - Research Paper Example It is not true that renewable energy will be a challenge for the oil industry because of many factors. The renewable energy requires more infrastructure compared to the petroleum oil (Piotrowiak (2012). This process makes the consumers abandon the renewable sources of energy for oil. The price of oil usually fluctuates. It creates uncertainty in the market. The consumers are subjected to speculation. This process affects the prices of other products given that the industries rely on petroleum oil to run their plant and machinery. The petroleum oil undergoes many processes before obtaining pure oil. However, the other sources of energy like wind energy involves many processes. The transition to the use of electric cars will need an industrial transition from the old model spare parts to the manufacturing of electric vehicle spare parts. The adoption of renewable energy vehicles will require continuous monitoring and control software in order to maintain proper functioning of the vehicle. Thus renewable energy will not be a major challenge for the oil industry. The process will cause an additional cost to the owners of vehicles. According to Chan (2012), the marginal returns from the transport business will drastically reduce. Consequently, many potential investors in the transport will be sent away. The electric vehicles will also require extensive facilities for the safe transmission of electric energy to the intended destination. The transmission facilities will require extra electric energy. The cost of using this form of energy will be high. The common form of renewable component, ethanol, and gasoline are not suitable because of the high oxygen conte nt of the mixture. The high oxygen content makes the mixture unsuitable for pipeline transmission. Safe transmission is financially constraining. The additional costs make the preference of the renewable energy sources