MANA 443 Lecture Notes - Lecture 10: Performance Appraisal, Job Performance, Goal Setting
13 Dec 2018
School
Department
Course
Professor
Document Summary
Chapter 10: pay-for-performance: performance appraisal and plan design. Almost all canadian and u. s. companies use performance-based pay or benefits to some. Increases to base salary are generally based in whole or in part on the individual"s. Many employees receive part of their total pay from a cash incentive plan based on performance company, business unit/team and/or individual performance. These plans are hard to design and administer. Not everyone agrees that they work. (some objectives might not be fair) Some company links the increases of base salary to individual"s performance. External environment (bad economy and you can"t control) Some people feel that pfp is unfair. Team-based pay for performance (i have a lazy and unreliable team member) First, many companies/people believe that properly designed performance-based. Can you think of any other reason? we should too pay systems motivate people to higher levels of job performance. Second, many companies/people believe it is important to align total levels of pay.
