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Performance Management Systems and Strategies by Dipak Kumar Bhattacharyya

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OBSTACLES IN INTRODUCING PERFORMANCE-RELATED PAY

A major goal of any compensation programme is to motivate employees to deliver their best. Resurgence of merit pays, though not new as technique, mainly focuses on employee performance. Hence, in other words, the traditional merit pay can be termed as performance-linked pay. However, at the outset, it is important to remember that performance-linked pay or compensation is not the absolute criterion for compensation design; it can only be said as one of the criterion. We have discussed all through this book, the various dimensions of compensation determination. Relating compensation directly to performance is not so easy. In fact, in some types of organizations it may not even be desirable. Both ...

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