Current term
5.5.2 Performance pay
Search terms
Level 1
- 1. Structure
- 2. Marketing and sales
- 3. Operations
- 4. Information
- 5. Human resources
- 6. Finance
Level 2
Level 3
Level 4
Performance pay
Definition
How to reward exceptional work, financially and otherwise.
Similar Terms
- Bonuses
- Merit pay
- Incentive pay
3 Good Questions
- How can financial incentives backfire?
- When are non-financial incentives better?
- Should we reward the individual or the team?
Approved Resources
- Article: Bonuses
- CMTP Best practices post: Here's a Little Extra Something
- Article: How to Structure an Employee Bonus Plan
- Article (long): Creating a Profit-Sharing Plan
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