Choose a pay for performance method from the following categories: individual, group, or organizational performance and use the internet to locate the website of a company which has recently introduced a new pay system. then assess from the information, the drivers that were making the change necessary for the company, the steps and rationale of the system, implementation steps they utilized, and their results. be sure to provide any urls you used as a reference source for your answer.

Respuesta :

The recognized benefits of a pay-for-performance system includes:

  • Employee Engagement
  • Employee Compensation
  • Improved Productivity
  • Lower Unit Costs
  • Better Recruiting

What is a pay for performance strategy?

This performance plan refers to a firm programs that is designed to pay the employees based on how well they do at work.

Most often, the companies that use this performance plan have clear guidelines for behaviors or that a certain employee's performance evaluation results that increase pay.

Normally, the Individual performance would take specific goals of a single-person whereas a group would consist of perhaps a department within a company.

The organizational performance goals would consist of a goal for an entire company when it comes to one’s contribution, also, an individual pay for performance incentive is a scenario where you would potentially have the greatest effect on the outcome of the incentive.

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