Jessica Miller-Merrell, blogging4jobs
Pay-for-performance is by far one of the most popular forms of compensation that employees can offer their workforce. But even with it’s popularity, the question of whether or not it is the best way to compensate employees remains. There are many ways to do it, but essentially pay-for-performance compensation means that a form of measurement is established and goals are set, then when employees meet a goal, they are compensated accordingly. This could be a number based on the amount of sales during a period of time, annual revenue, performance reviews or any number of other measurements. In fact, one of the most significant considerations in whether or not pay-for-performance compensation is the best idea for your business is the type of incentive payment you’re using.