Xcel Energy Pays for Employees Who Excel
Dorothy Micki Gould
Kaplan University
MT203: Human pick Management
Professor Denise Rodgers
December 01, 2011
Xcel Energy Pays for Employees Who Excel
Introduction
Employers with well-developed consummation care governances often connect compensation to performance appraisal ratings to figure the amount of salary increases and bonuses for employees who meet or exceed the comp whatevers performance expectations. (Mayhew, 2011) When looking for a ruminate, along with knowing what the salary requirements are, job seekers often also want to know what kind if any type of bonus is available. Recognition can help you pore turnover and provide options for everyone to actively attract and recruit brisk employees because they are rewarded for doing so. (Saunderson, 2006)
Review/Analysis of the Case
The reasons to agree with managements conclusion that merit pay can support Xcels strategy better that paying for suggestions is that even though the employees love the idea of the immediate bonus by submitting over 6,000 suggestions they did not know if the rewards were worth the money. (Noe, Hollenbeck, Gerhart, & Wright, 2009, pp.
361-362) The Merit pay system helps more than employees who are hard workers get bonuses. Coming up with a great idea is hard work, but for those multitude who for one reason or another who cannot come up with ideas but are great workers, they are not universe rewarded. By putting a bonus system in place, you can create an environment that encourages maximum employee performance and rewards those employees who procure or exceed company expectations. (Hose) On the other hand, As long as bosses dont give honest feedback to their employees, performance check up on and bonus goals will remain nebulous, obvious, easy, and employees will nail them. (Brenner, 2011)
Xcel big businessman continue to encourage suggestions as it aligns incentive pay more closely with its...If you want to get a full essay, swan it on our website: Ordercustompaper.com
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