Designing An Effective Pay For Performance Compensation System
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Designing an Effective Pay for Performance Compensation System
Author | : United States. Merit Systems Protection Board |
Publisher | : |
Total Pages | : 64 |
Release | : 2006 |
Genre | : Civil service reform |
ISBN | : |
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Of pay for performance -- Benefits and risks associated with pay for performance -- What are the goals of pay for performance? -- Who should be paid for performance? -- How should employees be rewarded? -- How should performance-based pay be funded? -- How can costs be managed? -- Who provides input to performance ratings? -- How can agencies facilitate pay system integrity?
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Compensation is the largest expense that a firm incurs. And yet, few firms really manage it well. The trick is realizing it is more complex than just splitting