You Manage It! 1: Global Is There a Downside to Meritocracy?

Pay-for-performance systems are predicated on the simple idea that rewarding employees based on their contribution is not only fair but also important in order to attract, retain, and motivate the best performers. This view is widely shared in the United States, and most U.S. companies devote a substantial amount of their compensation dollars to achieve this (what is referred to as “individual equity” in this chapter). However, critics in other countries often note that too much meritocracy may create a blind spot for management because the organization may allocate insufficient resources ...

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