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

Edward Chunga

ISBN 10: 3845476109 / ISBN 13: 9783845476100

Published by LAP Lambert Academic Publishing, 2012

About this Item

nach der Bestellung gedruckt Neuware - Printed after ordering - 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.

Seller Inventory # 9783845476100

Bibliographic Details

• Title: Impact of Performance - Related Bonus on Motivation and Productivity : The case of Sunbird Tourism Limited Malawi
• Publisher: LAP Lambert Academic Publishing
• Publication Date: 2012
• Language: English
• ISBN 10: 3845476109
• ISBN 13: 9783845476100
• Binding: Taschenbuch
• Condition: Neu
• Dimensions: 220W x 150H x 33D millimeters 220 millimeters width by 150 millimeters height by 33 millimeters depth
• Weight: 153 grams

About this title

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.

About the Author

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.