The Importance Of Merit Pay

Most politicians believe teachers are not motivated and part of the problem. In my opinion growing up most of my teachers were motivated however, the lack of funds and over crowding were bigger stumbling blocks to me getting an education. It is no secret that being a teacher will not make you rich but. In Canada and the United States, most teachers with a four-year degree earn about $40K. I believe most teachers enter that profession to help students go on to lead productive lives.

Many people wonder if teachers should or should not get paid more than they do. A lot of people believe that teachers should get paid more, but there are some that do not. Parents that want their kids to have a good education want teachers to get paid more. For example, P.V Derkachev said, “… teacher pay influences the quality of education.” (Derkachev 574). Teachers that get payed more would be more likely to perform better at their job and not mind the extra time that they have to do stuff outside of work to get everything done. Matt Barnum said, “Higher salaries --- even small bonuses ---- can and do keep some teachers in the classroom, and likely improve outcomes for their students.” (Barnum). The student is going to get taught better if teachers get paid more because the teacher will want to teach at the best of her ability which will help the student.

Weyerhaeuser uses a pay for performance system and utilizes a performance management process (PMP) to evaluate employee’s annual performance and that performance rating is used in calculating the individual’s merit pay increase. Over the years, Weyerhaeuser’s pay for performance compensation strategy has undergone several changes and improvements. The company utilizes merit increases where an individual’s yearly increase is based on how well they have performed against objectives. Performance management is directly tied to compensation in a pay for performance system and is based on how well an individual performs during the year against specific, measurable goals is tied to how much they will receive in a merit pay system. According to Milkovich, Newman and Gerhart (2014, p. 337), ‘a merit pay system links increases in base pay (called merit increases) to how highly employees are rated on a performance evaluation.” How well your merit pay system works and is seen by the employees as effective, fair, and a tool to increase motivation and retention is based on how well performance is actually measured and the ability to quantify performance. Though there are challenges with the merit pay system, Heathfield (n.d., par. 9) shares, “even with the limitations that exist in the awarding of merit pay, merit pay is your best opportunity to ensure that your outstanding performers remain with your company and continue to make their

Merit pay is a short-term, pay-for-performance plan, with a typical life span of three to four years, in which employers provide rewards, usually in terms of a raise for past performance, for employees who perform their jobs effectively, which will lead to higher performing employees which will in turn lead to a better work environment and higher overall productivity. The concept of merit pay is most often mentioned in the context of educational and/or government civil service reform. With a merit-based pay system, the employer pays, with the idea that the employer will reward more productive employees with merit increases. This concept came about in an attempt to sustain high performance levels in the workplace linking merit increases, or increases in base pay, to employee performance ratings, which are taken at the end of a performance year, usually by a direct supervisor. Due to the ever increasing changes of supply and demand in business, in order to remain feasible, the merit pay system is expected to change consistently with the needs presented to the companies, whether it be foreign competition, consumer demands, producer limitations, etc.

The low pay for our educators is causing many negative effects. New York Times shows that the low income is causing sixty-two percent of teachers to have a second job outside of their teaching jobs. Just to have enough money to support their families and make ends meet. Most everyone decides to college to prevent having these struggles with money, and to avoid having to work multiple jobs, when they get older; however, not when it comes to living off of only a teacher’s income, the struggles to have enough money are interminable. This low pay is also causing most teachers to retire, and find new jobs. New York Times states, “every year 20 percent of teachers in urban districts quit. Nationwide, 46 percent of teachers quit before their fifth year. The turnover costs the

I agree with your statement regarding both the merit-based Incentive Payment System and Alternative Payments Models within MACRA. For example, patient care organizations must use efficient and accurate clinical documentation, which has always been an important factor when shifting the healthcare landscape. Clinical documentation is critical to patient care when health care organizations (HCOs) have the ability to control their costs. At the same time, if the HCO is unable to contain the costs and optimize claims, then clinical documentation improvements must be taken seriously because it impacts all the patients and physicians apart of the MACRA. Offering efficient coding and documentation standards, healthcare organizations will have the correct

There are currently three procedures that are used to select judges. These methods are as follows: executive appointment, election, and merit selection. The goal is to use a process that picks the best judge or the most qualified and experienced. Each process has its pros and cons but there is one that easily stands out from the others.

In today’s society one of the most important factors in selecting a career field is rate of pay. No matter whether the profession maybe, the dollar figure must be within a range that allows the employee to maintain a substantial lifestyle. The debate of teacher pay scales has raged on for years. Many argue that the current pay scale for teachers is a scale which rewards teachers merely for seniority. They argue that the current pay scale overlooks those educators which demonstrate exceptional performance. Teacher merit pay systems have been the most popular suggestions made to remedy the problems seen with the current pay scale. Although the current pay scale may not be completely effective, the idea of

Pros: Those who support teacher merit pay argue that performance-based pay for teachers would provide incentives so that the most talented scholars are recruited, the best teachers are rewarded for exceptional work, and the poorest rated teachers would hopefully leave the profession. On average, students in countries with performance-related pay score 24.8 percent of a standard deviation higher on the Program for International Student Assessment (PISA) math test (Woessmann, 2011). When asked most people could give examples of past classroom experiences with exceptional teachers and alternatively examples of horrid situations with teachers that obviously hated their jobs. Public support for teacher merit pay has gained significant ground the past few years and now outdistances opposition by a 2:1 margin (Buck, 2011). Nationally teacher merit pay is promoted by providing grants through the federal Teacher Incentive Fund to school districts that promise to develop merit pay programs for raising student achievement and for taking position in high –need schools (Buck, 2011). We reward excellence and superior performance in many other walks of life, including the world of sports, business, and the medical and legal professions so why not extend this concept to the

Teachers have and will always have a big impact in everyone’s life and if not everyone, well, at least they did for me. They teach you everything you need to know about a subject and valuable life lessons, so why are they not paid sufficiently enough to make a decent living? Teachers salaries have always been low and I believe it is the time that changes. Being a lawyer, doctor, or engineer is great, but none of that would be possible without the insight of a teacher, I will inform you in this paper on why I believe there is a need for action. I will go over the background of teacher’s salaries, my ideas on what would be best for teachers not just in Texas, but nationwide, and pros and cons on the issues and ideas at hand.

Incentive pay is key when trying to increase the productivity of a company. Using incentives can increase a worker’s performance on a job, thus making the company more profitable. In an article written by Austan Goolsbee, he discusses “the lure of incentive pay” and how it affects a workers performance while doing a certain job. The article seeks to bridge connections between how busses in Chicago and Chile while exploring the different incentives in which they run. According to the article, “bus drivers in Chile are paid in one of two ways: either by the hour or by the passenger.” Goolsbee furthers develops this study by comparing the different notions for which the drivers are paid. If drivers are paid a salary per passenger, then the drivers

They give our students an education,if we did not have teachers,there would be no reality in jobs etc.Another reason is that they literally work a full time every day of the week and weekend job.They even have to take work home with them, such as grading students work and thinking of new plans to teach in the classroom.They also have to teach in all different ways because every student learns differently.

Incentive pay, also known as "pay for performance" is generally given for specific performance results rather than simply for time worked. While incentives are not the answer to all personnel challenges, they can do much to increase worker performance. (Billikopf) Performance pay has various names: merit pay, pay for performance, knowledge-and-skill- based pay, or individual or group incentive pay. (Delisio)

Recognizing and rewarding high-performance is a key recommendation for any approach when managing any merit pay program (HRIS 2012). Merit pay is a compensation system where base pay increases and is determined by an individual’s performance. Using a merit pay plan is a good way for an organization to reward high performance is one benefit when using merit pay programs. The first step in implementing or improving a merit pay program is to have a solid performance management program, and this is another way a merit pay program is beneficial. Merit pay is a way to be successful and effectively implement merit pay with a uplift in salaries, and this is a third way using a merit pay program is beneficial to an organization. There are some drawbacks when using merit pay programs, such as paying some employees more than others. If you pay high-performing workers more than low- performing employees, the high- performers may stay, causing the low- performers to complain or leave the organization. A second drawback in using merit pay program is that employees become less motivated if not paid to their satisfaction. For example, if employees feel they should be making more money for their performance, this causes them to have low self esteem, and want to find employment at other organization. The last drawback associated with

Pay for performance is a quite rational theory. According to the U.S. Merit System Protection Board (2006), “Pay for Performance refers to a pay strategy where evaluations of individual and/or organizational performance have significant influence on the amount of pay increases or bonuses given to each employee” (p.1). This theory hope to use different salary to motivate and punish the employees according to the evaluation of their working performance. However, in the real world, it is very hard to implement in every organization, particularly in government and nonprofit organizations.