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Before 2012, the Philippines Government rewarded employees from the board uniformily, regardless of their performance. In time, this approach proved to be limited in terms of motivating employees and stimulating progress. Therefore, an initiative to promote a performance and result oriented culture was implemented – The Performance Based Incetitives System (PBIS).
The fact that the employees are a company’s most valuable asset is nowadays understood by an increasing number of organizations. In today’s economic competitive environment, being able to motivate your employees is a key factor in achieving performance, and often can make the difference between success and failure.
According to the Gallup research study “State of the Global Workplace: Employee Engagement Insights for Business Leaders Worldwide” (2013), only 13% of the employees are engaged at work and focused on creating value for their organizations, while 63% are not engaged and 24% are actively disengaged.
The Master program in “Managing business growth through System Dynamics and Accounting Models – A strategic control perspective (2013-2014)” offered by The University of Palermo (Italy) is now available.
Employee satisfaction is an important component of business sustainability as it reflects in lower turnover rates, more commitment and higher individual performance.
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