Skip to Main Content
Strategic Compensation: A Human Resource Management Approach, 9/e
book

Strategic Compensation: A Human Resource Management Approach, 9/e

by Joseph J. Martocchio
January 2016
Intermediate to advanced content levelIntermediate to advanced
480 pages
20h 58m
English
Pearson
Content preview from Strategic Compensation: A Human Resource Management Approach, 9/e

Designing Merit Pay Systems

  1. 2 Discuss the components of merit pay systems.

As we noted in Chapter 3, companies that use merit pay systems must ensure that employees see definite links between pay and performance. We also reviewed the rationale for using merit pay systems, as well as the possible limitations of this kind of pay system. Establishing an effective merit pay program that recognizes employee contributions requires avoiding such pitfalls as ineffective performance appraisal methods and poor communication regarding the link between pay and performance. In addition to these considerations, managers interested in establishing a merit pay system must determine merit increase amounts, timing, and the type of merit pay increase (i.e., permanent ...

Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
and much more.
Start your free trial

You might also like

Human Resource Management 2e

Human Resource Management 2e

Pravin Durai
Strategic Management

Strategic Management

Cornelis A. de Kluyver, John A. Pearce
HR Strategies for Employee Engagement (Collection), Second Edition

HR Strategies for Employee Engagement (Collection), Second Edition

Wayne Cascio, John Boudreau, David Russo, Alison Davis, Jane Shannon

Publisher Resources

ISBN: 9780134320540