Human resources management discussion board
Choose a pay for performance method from the following categories: Individual, Group, or Organizational performance and use the Internet to locate the website of a company which has recently introduced a new pay system. Then assess from the information, the drivers that were making the change necessary for the company, the steps and rationale of the system, implementation steps they utilized, and their results. Be sure to provide any URLs you used as a reference source for your answer.
300-500 words
Requirements: 300-500 words
Answer preview
Pay for performance compensation refers to a payment that is based on how employees perform on their jobs. In pay for performance companies, they include guidelines that lead to increased income. Pay for performance for individuals consists of specific goals for a given person. An individual pay performance is dependent on one’s contributions, and the individual has a great effect on the outcomes of the incentive. The pay for performance for individuals is essential as it holds every person in the company accountable for their actions and success. Apple Inc. has adopted the pay-for-performance method, where employees’ and executives’ compensation depends on their performance (Redpath & Vogel, 2020). The compensation committees determine the compensation of executives and employees and oversee the compensation program.
354 words