"The Pay-for-Performance Link"

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ygurhf

Business Finance

Description

"The Pay-for-Performance Link" Please respond to the following:

  • Analyze the link between well-designed performance appraisals and merit pay and make at least two (2) recommendations for improving the strength of that link across the greatest number or organizations. Provide your rationale.
  • Examine the limitations of merit pay programs to determine which limitation is the most difficult to overcome and suggest ways to overcome these limitations. Provide specific examples to support your response.

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Explanation & Answer

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Running head: THE PAY FOR PERFROMANCE LINK

The Pay for Performance Link
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THE PAY FOR PERFROMANCE LINK

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One of the key motives behind companies carrying out a performance appraisal is to
be able to come up with a fair basis for awarding employees compensation based on their
merits. Performance appraisal provides a means for reviewing and discussing performance of
employees and therefore using the findings to determine the pay increase which each
employee deserves. Therefore, it is important for the process to be objective especially in
assigning different ratings and recommendat...


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