How to Use
 

Current Term

5.6.2 Performance pay

Level 1

  • 1. Structure
  • 2. Marketing and sales
  • 3. Operations
  • 4. Information
  • 5. Human resources
  • 6. Finance

Level 2

Level 3

Level 4

Definition

How to reward exceptional work, financially and otherwise.

Similar Terms

  • Bonuses
  • Merit pay
  • Incentive pay

3 Good Questions

  1. How can financial incentives backfire?
  2. When are non-financial incentives better?
  3. Should we reward the individual or the team?