HR Compliance Library, ¶26,300, Ten essentials of pay for performance

摘要

According to compensation expert Robert E. Sibson, there are 10 essential elements that every good pay-forperformancernsystem should include:rn(1) Performance culture. In a performance culture, salary for individuals is based solely on performance.rnSalary levels or increases are never, therefore, based on seniority, education, attendance, attitude, orrnloyalty. Unless a company has a performance culture — a system that rewards high performance — arnpay-for-performance plan will be difficult to institute and to maintain.