Implementation of the 3P Method (Pay for Position, Pay for Person, Pay for Performance) Based on AI for Optimizing Compensation Planning in Improving HR Welfare
Abstract
This study explores the effectiveness of implementing the 3P method (Pay for Position, Pay
for Person, Pay for Performance) in compensation planning to improve human resource (HR) welfare. The 3P method offers a comprehensive approach that integrates three key elements: position, individual, and performance, so companies can design a fair compensation system and motivate employees to make optimal contributions to organizational goals. In addition, this method serves as a tool to retain the best talent by providing rewards that follow each employee's contribution. The use of artificial intelligence (AI) in implementing the 3P method increases the accuracy and fairness in
determining compensation and allows personalization of rewards according to individual needs and company goals. Thus, this approach has the potential to improve employee satisfaction and overall productivity. The conclusion of the study shows that the 3P method provides a strong foundation for effective compensation planning, creates a more productive and harmonious work environment, and provides strategic insights for HR management in revising compensation system planning.
Keywords: 3P method, Compensation planning, HR Welfare
Downloads
Published
Issue
Section
License
Open Access
HUMANIS (Humanities, Management and Science Proceedings) is a national peer reviewed and open access journal that publishes significant and important research from all area of agroindustry.
This journal provides immediate open access to its content that making research publish in this journal freely available to the public that supports a greater exchange of knowledge.
Copyright
Submission of a manuscript implies that the submitted work has not been published before (except as part of a thesis or report, or abstract); that it is not under consideration for publication elsewhere; that its publication has been approved by all co-authors. If and when the manuscript is accepted for publication, the author(s) still hold the copyright and retain publishing rights without restrictions. Authors or others are allowed to multiply article as long as not for commercial purposes. For the new invention, authors are suggested to manage its patent before published. The license type is CC-BY-SA 4.0.
Disclaimer
No responsibility is assumed by publisher and co-publishers, nor by the editors for any injury and/or damage to persons or property as a result of any actual or alleged libelous statements, infringement of intellectual property or privacy rights, or products liability, whether resulting from negligence or otherwise, or from any use or operation of any ideas, instructions, procedures, products or methods contained in the material therein.
