CHAPTER 8

Performance-based Compensation

Learning Objectives

After reading this chapter, you will be able to understand:

  • Concept of performance-based compensation
  • Compensation design through job evaluations
  • Various incentive schemes
  • Performance-based compensation design
  • Benefits of performance-based compensation
  • Performance-related pay
  • Compensation broadbanding using PMS
  • Compensation design through skill-based programmes
  • Obstacles to the introduction of skill-based pay
  • Application of skill-based pay
  • Competency-based pay
  • Obstacles to the introduction of performance-related pay
  • Performance guide charts
  • Performance-based executive compensation
  • Calibration of executive compensation to performance
  • Performance measurement in executive incentive ...

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