Abstract
The study deals with the impact of performance related pay (PRP) as part of an employee reward
system on the development of an organization. This is a highly debated research topic in
academia and corporate sector. This research work attempts to study PRP implementation
among business development and professional staff of Allied Bank and Bank Alfalah, one of the
leading Banking service companies in Pakistan, and a subsidiary of Ibrahim Leasing Limited and
Abu Dhabi Group, one of the leading companies in the developing world and a multi-million-dollar
conglomerates. The survey questionnaires and interviews are used to solicit the responses of
business development (BD) and operation staff at different levels to different issues on PRP
implementation and processes. The findings of the survey indicate that the business development
and professional staff of Allied Bank Limited (ABL) and Bank Alfalah are satisfied and feel
positively towards PRP and its implementation, and that they hold PRP to be the prime motivator
for their performance improvement as is evident from the remarkable market performance of
both Banks in Pakistan.
Ghayur Ahmad, Syed Umar Farooq. (2020) Performance Related Pay and its Impact on Organizational development: A Study of Banking Sector of Pakistan, Abasyn Journal of Social Sciences, Volume-13, Issue-1.
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