Marketing Management

Marketing Management

Recommendations for Actions Regarding the Pay-for-Performance

Pay for performance is considered as one of the justified systems of paying the employees and the workers. It refers to the system wherein the organizations pay their employees using their performances as a yardstick. There are many organizations which are still following the system of paying the employees according to their tenure and the time they have spent in the organizations (Fenter, 2008).

In order to implement and imply the system of paying the employees according to the yardstick of performance, following steps should be followed.

Modifying the Current Statuses and Hierarchies

First and ...