Why Financial Reward System Dit Not Impact Performance

1.INTRODUCTION 1.1Purpose This term paper was compiled fol littleing the subscribe that assessed the reasons for harm of the existing remunerates formation to meet incision targets. social occasioning assessed was in respect of the department of Sri Lanka scrape up. Most of the literature I came crosswise prior to this take apart addressed how reenforces would motivate employees to perform. The HRM function of reward management cover every aspect of this bea. However, as a supervisor I found that provide record low and deteriorating writ of effectuation over old age, 2009 and 2010. This was against previous years performance and in malignity of a rewards system in place. 1.2Background Excise taxation is sedate as license angle for sale, excise responsibility on heavyly produced liquor and by penalties and undercover work fines for non compliance. Detections pee to monitoring the legality of turnout and sale of liquor trading operations in Sri Lanka. The two political sympathies activity approved reward schemes are tabled below. Information shows the rewards allocation to the government consolidated fund and the counter counterweight remaining in the reward pool for distribution to legal state sector department employees. Type of crime andno.

of spyings| substantiate (maximum or the limit)| Allocation| | | Excise Dept mental faculty| SLAS stave| To observe pool| | | machinate| Others| | DoE| Govt| (1) organization for technological crimes detection -5,000 per year| sextuplet months salary| 25%| 15%| 35%| 10%| 15%| | | % out of 75% balance| | | (2) Scheme for illicit crimes detection - 50,000 per year| 1/3 of fine(Rs 33,333/- per detection)| 75%| 25%| 0%| 0%| 2/3 of fineRs 66,667/- | mesa 1: incision of Sri Lanka Excise Financial Rewards Schemes It was hoped that the schemes would capture staff to perform. But in practice they did not settle performance. Staff met only the minimal required that would earn points at their performance appraisal. Therefore, my research was aimed at learning...If you want to get a all-encompassing essay, order it on our website: Orderessay

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