Unlocking the Power of Performance-Based Pay: 5 Factors to Improve Effectiveness and Avoid Negative Consequences
Performance-based pay is a common practice in many organizations, large and small, aimed at incentivizing employees to perform at their best. However, it can have negative consequences, including a hyper-competitive work environment, resentment among non-eligible employees, subjectivity in reward allocation, unaligned performance and reward structures, and a sole focus on easy-to-measure results. To counter these […]