Topic: Pay for Performance Systems
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You read about various methods used to reward employees for their individual performance and incentive plans to motivate employees. Based on your Reading, answer the questions below in this Discussion.
- Describe some of the most significant benefits of a Pay for Performance System.
- Pay for Performance also has its list of challenges. Discuss the main areas of concern with the implementation of a Pay for Performance System. How can organizations address the negative aspects of this type of system?
- How can the organization’s manner of creating and carrying out an incentive plan improve the effectiveness of the plan?