Strengthening The Pay-For-Performance Link
4 Discuss how compensation professionals can strengthen the pay-for-performance link.
Companies who don’t consider these possible limitations ultimately weaken the relationship between pay and performance. Human resource managers can employ a number of approaches to strengthen the link between pay and job performance.
Link Performance Appraisals to Business Goals
The standards by which employee performance is judged should be linked to a company’s competitive strategy or strategies. For example, each member of a product development team that is charged with the responsibility of marketing a new product might be given merit increases if certain sales goals are reached.
Analyze Jobs
Job analysis (Chapter ...
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