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Posted in Community :

HR Professionals

 
Industry : Human Resources (HR) ConsultingFunctional Area : Performance Management(People Management)
Keywords : Performance Pay Linked
Activity:  33 views;  last activity : 07 06 2010 20:18:09 +0000

Pay for performance! It's easy to say, but difficult to formulate it. Few questions need answer: what is the individual performance criteria? Can we properly measure it? Does this individual performance contribute to the organizational goal? Any Ideas !!!

Suggestions will be appreciated... 

 
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1 Personal & Team Contribution
2 Past Performance

Personal & Team Contribution

idea posted by Shashikant Rajak Senior Consultant, Technozone consultancy ltd
In my opinion,Pay should be linked to performance but we need to develop that magic formula in assessing that performance which constitutes (percentage of personal contribution and percentage of team related factors) which will affect the bottom line and future growth of the company. This should be one of the indicators in formulating compensations.
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Past Performance

idea posted by RK N Analyst, Large MNC
I feel Companies will be safe if they managed to understand the factors behind past performances internally & externally and see if those factors can be reinforced and linked with compensations.
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