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Pay for Performance programs
Human Resources » Performance Management


Chrm Message From: Jim Watson Total Posts: 27 Join Date: 10/11/2006
Rank: Executive Post Date: 19/12/2008 03:30:55 Points: 135 Location: United States

Dear Friends,

I have hear a lot of talk and seen many articles written about pay for performance programs but I don't really see where they are common (other than sales commissions and executive bonuses). Is anyone thinking about implementing pay for performance programs at their company?

Regards

Jim Watson

Chrm Message From: senthil.m Total Posts: 43 Join Date: 10/11/2006  
Rank: Executive Post Date: 23/12/2008 02:49:46 Points: 215 Location: United States

Dear jim,

Pay generally means salary earned after performance. Pay also means, salary fixed based on the performance in the interview. Whcih one u are referring to. If u mean salary earned after performance, it is payment by results which is calculated based on Job Evaluation. If u mean salary fixed based on performance in the Test/Interview, then it is based on Pschometrics. However, in both the cases,mathematical calculations are involved. For a detailed information, please refer to Garu Dessler's "Psycho-Metric Tests" and Prem Chadha's "Performance Management.

Best of luck.

Senthil

 
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