Performance-Based Pay

Also known as pay-for-performance or merit-based pay, is a compensation system in which an individual's salary or bonuses are determined by their performance and achievements in the workplace. Instead of receiving a fixed salary, employees are rewarded based on their ability to meet or exceed specific goals, targets, or metrics that have been set by their employer.

For More Info:

Does performance-based pay work


Sign up now to get updated on latest posts and relevant career opportunities