By Salvatore Giliberto
Pay for performance is a financial reward system for employees in which some or all of their monetary compensation is related to how their performance is assessed relative to stated criteria. Establishing compensation plans around clearly defined goals are designed to increase the productivity of your workforce. But is your pay for performance program actually increasing productivity?
If your pay for performance program is underperforming, use the infographic below as a guide to realign your strategy and tactics.
For more information, download our white paper The New Era of Pay for Performance: 6 Keys to Success.