Pay_For_Performance

Pay For Performance Pay For Performance How do great ideas turn into action, or get stopped' Discuss the process of designing possible outcomes and evaluation tools and methods. In many organizations, performance management is an on-going cycle of setting, implementing, evaluating and rewarding performance, all with continuing feedback and coaching. In addition, base pay is linked to performance through performance evaluation so that exceptional performers receive a greater level of reward. Every year at a major freight and delivery company, managers complete a salary planning process during which they make decisions about pay increases. The employee’s last performance evaluation is an important factor in making these pay decisions. When evaluating performance, managers look at: · The extent to which the employee met, exceeded or did not meet their performance objectives, and · The extent to which the employee applied the skills associated with their role Based on this assessment, managers reaches an overall evaluation. Open and direct discussions about personal objectives, achievements and pay are essential to making Pay for Performance work. What are we trying to do' Many organizations hold the belief that one of the reasons for lagging sales and job performance is the complacency of employees. The general belief performance, pay, salary, system, sales, major, freight, delivery, company, executives, evaluation, based, work, employee, account, results, problem, performance-based, new, managers, job, force, employees, year, wage, role, process, possible, plan, organizations, objectives, making, know, increases, increase