Recently,
organizations have been turning to “pay
for performance” as a key building
block to drive organizational success and
build a performance-based culture. This
is a culture driven by linking organizational
goals to individual goals to motivate and
reward good performance. Many companies
have “merit” pay systems that
do little to motivate employees to perform
better and to differentiate employees who
are high performers from those who are just
getting by. With a performance management
system in place, the ability to truly “pay
for performance” becomes a realistic
and desired goal. |