[Question] Tying increases to performance

[Musiclover08]

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.

[Justloadit]

Contact NEASA, they will be able to advise you.

[Dave A]

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.

[Musiclover08]

Contact NEASA, they will be able to advise you.

Thanks, I did give them a call and will be getting some advice soon.

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