Pay For Best Performance
- Topics:
- Compensation Guide
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Overview: In a sluggish economy, compensation system gets new focus by rewarding star performers more than the rest of the pack. The article supports that rewarding good workers is the best way to increase productivity and to secure dominance in its potentially lucrative market. The bonuses will likely be very small this year. The payments will fulfill a promise to the workforce that better employee performance result in better compensation. Paying for performance is more important in a down economy than in boom times. The reason is that companies typically have a smaller pot of money to allocate for compensation during a slowdown.
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Format: HTML | Date: Jan 2003 | Pages: 1
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