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Is
there life after PRP ? |
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The
idea that the workforce can share in the
rewards of the success of their company
ought to be a good thing. If we make a
bigger profit, then everybody gets a slice
of a bigger cake. So, that’s an incentive
for us all to work to produce that bigger
cake. Right ?
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Well……true
as far as it goes. |
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But
remember the problems we all had in
implementing the PRP schemes ? The
frustration of targets which always seemed
too remote for the workforce to influence or
the concern over moves to incorporate PRP as
a part of the normal pay structure ?
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And
what happened to PRP as
an incentive?
Like old soldiers, it seemed to fade
away.
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No
point in dwelling on the past and, of
course, PRP is now part of that past. But
the idea behind it, the idea of trying to
relate the efforts of the workforce more
directly to the success of the company and
to reward those efforts is still a good
one.
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Can
there be such schemes ? I believe there can.
A well designed reward structure which
features relevant targets, that is easily
understood and keeps the workforce in the
picture can deliver the goods. Of course, it
needs time and effort to set up but, if
you’ll forgive the expression, it can pay
dividends !
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