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The Compensation Handbook, Sixth Edition: A State-of-the-Art Guide to Compensation Strategy and Design, 6th Edition by Dorothy Berger, Lance Berger

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33

Choosing a Performance-Appraisal System

MARTIN G. WOLF

Selection of the right performance-appraisal system to become part of your compensation program is critical to achieving your organization’s business goals. Some organizations may require multiple appraisal systems. Over time, they may have to change their systems. Each type of performance-appraisal system represents an alternative way to

•   Create and maintain a culture of performance, innovation, engagement, and leadership

•   Retain talent and develop mission-critical skills

•   Create competitive advantage

The goal of this chapter is to help readers select and implement the type of measurement system that will best connect to their compensation system and have the most positive ...

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