Performance based pay recognizes that people working in the same job can contribute to the organization at a different level in terms of value and seeks to provide an incentive for maximizing their contribution.

Question

Quizplus · Accepted Answer

Performance based pay is designed to reward individuals for their added value and incentivize them to contribute more to the organization. This recognizes that not all employees will perform at the same level, and seeks to motivate and retain high performers.

Performance Based Pay Recognizes That People Working in the Same