The chapter investigates the relevance and effectiveness of performance-related pay systems for academic staff in the context of higher education. The paper firstly characterizes this system as one of the leading human resource management initiatives, and discusses the advantages and disadvantages of linking pay for academic staff to their performance. Then it outlines widely accepted evaluation procedures and performance indicators, and juxtaposes established and developing practices of performance-related pay, introducing examples from Great Britain and Russia. The authors conclude that effectiveness of performance-related pay schemes largely depends on the quality of their design and consistency of implementation.
|Title of host publication||Human resource management in higher education|
|Subtitle of host publication||Case studies and future scenarios|
|Place of Publication||Krems an der Donau|
|Publisher||Edition Donau-Universität Krems|
|Publication status||Published - 2015|