Question by Chand: What role does Equity theory play in the new system?
The problem traced was the antiquated pay-for-performance system, introduced in 1990, the system allowed 5 percent annual salary increases for the consecutive 8 years within the salary range assigned to each positions. Each year at appraisal time, managers met informally with their employees to review each employee’s performance during the year. If employees performed satisfactorily, they received salary increases of 5
The problem traced was the antiquated pay-for-performance system, introduced in 1990, the system allowed 5 percent annual salary increases for the consecutive 8 years within the salary range assigned to each positions. Each year at appraisal time, managers met informally with their employees to review each employee’s performance during the year. If employees performed satisfactorily, they received salary increases of 5
0Awesome Comments!