What is Performance Management and how can Performance Appraisal and Pay for Performance support it?
Click-on http://www.performance-appraisal.com/intro.htm and select the “Appraisal Methods” button to the left.
Part 1
What is Performance Management and how can Performance Appraisal and Pay for Performance support it?
Click-on http://www.performance-appraisal.com/intro.htm and select the “Appraisal Methods” button to the left. Read about the three most common appraisal methods and describe which one better supports pay-for-performance and why.
Further, what are the advantages to employees and to the enterprise of employing variable incentive pay plans?
Additionally, what’s your opinion about compensation as a motivator of behavior?
Part 2
If you were the CEO of a company, what would you do to your compensation and benefits plan to make it effective in aligning employee behavior and performance with the needs of the enterprise? Additionally, please read the article in the “Readings and Resources” section above on performance evaluation and share your views – pro and con – on eliminating such reviews.
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