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- Title
REMUNERATION PRACTICES BASED ON EMPLOYEE PERFORMANCE APPRAISAL IN BOTH PUBLIC AND PRIVATE SECTOR.
- Authors
Sylqa, Driton
- Abstract
The purpose of this paper is to investigate the effects of remuneration policies that are based on performance evaluation of employees in Republic of Kosovo. In recent times is evident that in numerous institutions, whether in private or public sector, have been posed the dilemma of whether performance-based remuneration shown in the workplace is fair and acceptable for both, employees and employers. Organizations are being very keen to be efficient at achieving the objectives and gain high profitability, which requires confirmation of employees to be in the same frequencies with given objectives of the company. Based on these objectives, the management of an organization would direct its efforts to get the employees on the board. It has been observed that traditional control theory, oriented towards the performance measurement system in the industrial age is losing its relevance due to rapid changes in environments. Performance measurement is becoming more and more difficult with the increasing globalization and complexity of organizations on business models, employee roles and their responsibilities towards work. Whatever the situation is in any of organizations, this paper consists of research based on the primary and secondary data. Besides the respective literature review pertaining to remuneration policies, the research involves surveys with different entities all around Republic of Kosovo that would bring an insight into the present situation pertaining to remuneration practices. Moreover, the study links employee performance appraisal with remuneration and other used features for capacity building of employees. The conducted research includes all activity types of organizations with different ownership entities operating in private and public sector all around the country. The survey was sent and filled electronically by each respondent, which was closed by the end of 2019. The respective research reveals the relationship between remuneration policies and staff appraisals, and policy used impact on employee motivation. A qualitative approach and theory based application were considered for this study. Finally, the outcome of the research would identify potential mistakes and suggestion for the process improvements of management regarding this topic.
- Subjects
EMPLOYEE reviews; WAGES; EMPLOYERS; EMPLOYEES; PERFORMANCE evaluation
- Publication
Knowledge: International Journal, 2020, Vol 38, Issue 5, p1265
- ISSN
2545-4439
- Publication type
Article