PERFORMANCE PAY

Performance Pay for Teachers and Performance Pay for Skills and Technology

Performance Pay for Teachers and Performance Pay for Skills and Technology

Introduction

In a number of professions, performance pay related programs practiced in contrast to the single salary schedule tradition. A survey was conducted in 1,681 companies the result of which indicated that performance related pay system was followed by 61 percent of the companies.

According to a report, more than three-fourths of employees working in large companies on non-hourly basis are protected by performance based pay system.

Performance pay for teachers

Teacher performance needs to be defined for Performance-based compensation system. The objectives and goals of an organization need to be determined to understand teachers' role in the achievement of the targets. Incentives may be offered for a specific behavior of a teacher, like participation in training programs, contributions in underperforming schools, giving guidance and advice to younger teachers, or earning National Board certification. (Gratz, 2010)

Margaret Thatcher's belief of choice and competition from the market as the means of effective management and execution of social organizations in today's world is often subscribed to by policy makers. (Schwartz, 2009)

There are number of programs which are being followed in the U.S. some of which are stated below.

ProComp

This method gives importance to the model of knowledge- and skill-based supplemented by the variable pay for the growth of students and market incentives. The four elements which allow the teachers to make earnings through learning opportunities are knowledge and skills, professional evaluation, market incentives and student growth. Over the years, ProComp has become one of the most implemented performance related pay programs.

Florida's Merit Award Program (MAP)

Budget of $147.5 million was approved by the Florida State Legislature in 2006-07 for the performance related pay program known as Special Teachers Are Rewarded (STAR). This resulted in the suspension ...