What is Pay for Performance?
It is crucial to design a P4P plan based on your company’s business goals and budget. So then, how does it work?
It is crucial to design a P4P plan based on your company’s business goals and budget. So then, how does it work?
Here are the two main components you can use to design a fair, equitable compensation program.
Using goals the right way can benefit the entire organization and improve overall performance. Keep in mind, the goals must be measurable and attainable.
Many companies are doing away with their annual appraisal systems from GE to Goldman Sachs and more. Still, how can you determine pay without performance ratings?