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Rewarding Failure: Performance Related Pay in a Pharmaceutical research and Development Company

Author

Listed:
  • Randle, K.

Abstract

There appears to be widespread acceptance amongst employees of the "fairness" of the principle of paying for performance and this is reflected in the attitudes of white color employees at phamax. At the same time there are enormous and increasingly well-documented problems in implementing Performance Related Pay (RPR). It remains to be seen whether organiastions can solve paradoxes in the reward element of performance management systems (and the prognosis does not look good) or whether dysfunctional side effects will sooner or later relegate therm to the scap heap pay systems.

Suggested Citation

  • Randle, K., 1996. "Rewarding Failure: Performance Related Pay in a Pharmaceutical research and Development Company," Papers 1996:1, University of Hertfordshire - Business Schoool.
    • Handle: RePEc:fth:hertbu:1996:1
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    More about this item

    Keywords

    PHARMACEUTICAL INDUSTRY ; WAGES ; RESEARCH;
    All these keywords.

    JEL classification:

    • L65 - Industrial Organization - - Industry Studies: Manufacturing - - - Chemicals; Rubber; Drugs; Biotechnology; Plastics
    • J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials

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