Arbeitspapier
What makes performance-related pay schemes work? Finnish evidence
We analyze how features of performance-related pay (PRP) schemes affect their perceived motivational effects using a Finnish survey from 1999. The results show that the following features are important for a successful PRP scheme: (i) the employees have to feel they are able to affect the outcomes; (ii) the organizational level of the performance measurement should be close to the employee: individual and team level performance measurements increase the probability that the scheme is perceived to be motivating; (iii) employees should be familiar with the performance measures; (iv) the level of payments should be high enough and rewards frequent enough. Low PRP levels do not generate positive effects; (v) the employees should participate in the design of the PRP scheme.
- Sprache
-
Englisch
- Erschienen in
-
Series: ETLA Discussion Papers ; No. 929
- Klassifikation
-
Wirtschaft
- Thema
-
Leistungsorientierte Vergütung
Finnland
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Kauhanen, Antti
Piekkola, Hannu
- Ereignis
-
Veröffentlichung
- (wer)
-
The Research Institute of the Finnish Economy (ETLA)
- (wo)
-
Helsinki
- (wann)
-
2004
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Kauhanen, Antti
- Piekkola, Hannu
- The Research Institute of the Finnish Economy (ETLA)
Entstanden
- 2004
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