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Thread: Tying increases to performance

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    Tying increases to performance

    Hi all. The company I work for is unfortunately under Mibco for wages and the like. The recent hike due to come into effect on the 1st of September is going to put the conpany under some strain financially. The HR and Financial managers are discussing implemeting a policy whereby targets are set for each employee to attain.

    They figure this will bring an increase to finances in the business in order to pay the workers. Does anyone have any advice regarding this? Mibco will not budge on the increases, in fact we were told that we have been in existence for long so we should have the money.

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    Diamond Member Justloadit's Avatar
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    Contact NEASA, they will be able to advise you.
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    Site Caretaker Dave A's Avatar
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    Quote Originally Posted by Musiclover08 View Post
    The HR and Financial managers are discussing implemeting a policy whereby targets are set for each employee to attain.
    As I understand it, as long as you don't pay below the minimum rate you're welcome to play.
    The trouble with opportunity is it normally comes dressed up as work.

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    Quote Originally Posted by Justloadit View Post
    Contact NEASA, they will be able to advise you.
    Thanks, I did give them a call and will be getting some advice soon.
    Quote Originally Posted by Dave A View Post
    As I understand it, as long as you don't pay below the minimum rate you're welcome to play.
    Yes, I have heard from other employers that as long as the minimum rate is being paid, you can make sure that the employee has a target. Performance reviews are also allowed but one needs to be very careful when dismissing employee based on performance

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