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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