MANAGEMENT

MGT509 - Human Resource Management



MGT509 - Human Resource Management

What is pay for performance?

Pay-for-performance is a compensation system which is utilized in various fields which links an employees pay to the type of performance they show in their job. Pay for performance's proponent's claim that this system of compensation will aid in not only attracting but retaining effective and efficient employees. The incentives that are offered through this incentive system are necessary to provide motivation and can be rewarding at the same time. All this will eventually result in improved performance of the employees. Employees view the concept of uniform salary ...